Kohl's Third-Quarter Earnings Meet Street Estimates
The department store operator said net sales rose 4.1% to $4.2 billion. Sales at stores open at least one year rose 1.8%, the company said in a statement.
"We are pleased with our financial results for the third quarter," CEO Kevin Mansell said. "This sales performance, along with strong inventory management, allowed us to continue to increase our gross margin rate."
Earnings are expected to be in the range of $1.51 per share to $1.59 per share in the fourth quarter.
The earnings news sent Kohl's shares 1.4% higher in after-hours trading.