Advertisement

You will be redirected to the page you want to view in  seconds.

Kohl's shares rise despite net income, sales drops

8:18 PM, May 16, 2013  |  Comments
A Kohl's department store in Fond du Lac.
A Kohl's department store in Fond du Lac.
  • Filed Under

Shares of Kohl's Corp. rose sharply Thursday after the department store chain said its first-quarter net income fell 5 percent, hurt by a slight decrease in sales, but still managed to beat Wall Street predictions.

For the quarter ended May 4, Kohl's earned $147 million, or 66 cents per share, down from $154 million, or 63 cents per share, in the same quarter of 2012.

Revenue edged down 1 percent to $4.2 billion from $4.24 billion.

Analysts, on average, expected earnings of 57 cents per share on $4.27 billion in revenue, according to FactSet.

Kohl's said sales were slow at the beginning of the quarter, but picked up in April as weather conditions improved in many parts of the country.

Kohl's finished the day up $2.35 at $52.03.

What's your take on the Packers Family Night change?

Retrieving results.
Watching practice is fine.(Your vote)
15%
573 votes
I'd rather watch a scrimmage.(Your vote)
23%
853 votes
I don't want to pay to watch practice.(Your vote)
27%
1011 votes
It doesn't matter to me.(Your vote)
34%
1268 votes

Catch up on the latest in our pregame show every game day.

Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports

ORDER YOURS

Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports