MENOMONEE FALLS, Wis. — Sales and earnings were disappointing at Kohl's, but the retailer remains optimistic heading into the fall.
The retailer reported second quarter net income of $240 million, or $1 per diluted share, compared with $299 million, or $1.08 per diluted share, a year ago. Net sales were $4.2 billion, a decrease of 1% for the quarter. Comparable-store sales for the quarter decreased 2.7%.