Menomonee Falls, Wis., Kohl’s Corp. posted a 27.4% increase in net income for the quarter that ended July 30. Net income was $187.2 million, up from $149.6 million in the same quarter last year.
Comp-store sales increased 5.1%. Total sales for the quarter increased 15.6% to $2.9 billion. The company continues to target comp-store sales growth in the mid-single digits range for the fall. The company opened 33 new stores in the first half of the year, bringing the store count to 670.