Economic news
Kohl’s beats estimates for quarterly profit
2023.08.23 07:32
© Reuters. FILE PHOTO: A sign marks a Kohl’s store in Medford, Massachusetts, U.S., February 21, 2017. REUTERS/Brian Snyder/File Photo
(Reuters) – Kohl’s Corp (NYSE:) beat quarterly profit estimates on Wednesday, as leaner inventories, lower costs and fewer discounts helped the department store operator to counter a broader retail slowdown.
The company earned 52 cents per share in the second quarter ended July 29, above analysts’ estimates of 22 cents.
