Kohl’s raises 2Q earnings guidance
-- Home Textiles Today, 8/6/2009 8:29:00 AM
Monomonee Falls, Wis. – With tighter inventories and strong comp increases in home, accessories and footwear, Kohl’s today raised its earning guidance to 73 cent to 74 cents per share for the second quarter ended Aug. 2. The company had originally projected earnings of 56 cents to 64 cents per share.
“July sales again exceeded our expectations,” said Kevin Mansell, president and ceo. “As a result of our sales results and inventory management initiatives, our gross margin for the quarter was strong and our expenses remained well controlled.”
The company will report full results Aug. 13.
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