Kohl’s Earnings Rise 27%, Beating Estimates

Discount department store company Kohl’s Corp. said second-quarter profit rose 27%, exceeding analysts’ estimates, on sales of exclusive women’s apparel and accessories.

Net income increased to $187.2 million, or 54 cents a share, from $146.9 million, or 43 cents, a year earlier. Sales rose 16% to $2.89 billion, the Menomonee Falls, Wis.-based company said.

Kohl’s was expected to earn 52 cents a share, Thomson Financial said.

The shares closed down 15 cents at $54.75 before the earnings announcement.