Home / Knowledge / News / Apparel/Garments / Earnings rise despite sales dip at Kohl's in Q2FY15
Earnings rise despite sales dip at Kohl's in Q2FY15
16
Aug '14
Earnings improved at department store chain Kohl’s in fiscal second-quarter ending August 2, as lower expenses hid a marginal decline in revenue.

In the second fiscal quarter of 2014, Kohl’s reported a profit of $232 million, up slightly from $231 million, a year earlier.

Diluted earnings per share rose 9 percent to $1.13 in the quarter under review from $1.04 in the comparable quarter of the previous fiscal year.

Sales fell slightly by 1.1 percent to $4.24 billion in the second fiscal quarter of 2014 against $4.28 billion in same period of 2013, while comparable store sales declined 1.3 percent.

During the quarter under review, gross margin narrowed slightly to 39 percent from 39.1 percent year-on-year, while operating expenses fell 1.8 percent from a year earlier to $1.2 billion.

“Sales improved as the quarter progressed, with the most dramatic improvement happening in July as we achieved positive sales at existing stores in the same month,” said CEO Kevin Mansell.

Kohl’s added 5 new stores from the same quarter last year and ended the quarter with 1,160 stores in 49 states.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Aug 2016

French textile machinery makers to show at ITMA CITME

Seven French textile machinery manufacturers will showcase their...

courtesy: JLL

Apparel/Garments | On 27th Aug 2016

Indian cities clocking fastest retail growth: Report

Indian cities such as Bangalore, Hyderabad, Delhi and Pune are...

courtesy: Delta Galil

Fashion | On 27th Aug 2016

VF Corp completes sale of 3 brands to Delta Galil

VF Corporation, a global leader in the design, manufacture, marketing ...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
August 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search