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Kohl’s Q2 profit beats expectations on cost controls; sales disappoint
Menomonee Falls, Wis. -- Kohl’s Corp. reported a better-than-expected second-quarter profit amid efforts to control costs. Sales, however, disappointed.
The retailer posted a second-quarter profit of $240 million, down from $299 million in the year-ago period.
Net sales were $4.2 billion, down 1.0% from last year. Same-store sales decreased 2.7% for the quarter.