Kohl's Earnings Rise 29%, Topping Estimates

Retailer Kohl's reported higher fourth-quarter profit on Thursday as sales were aided by new stores and goods sold exclusively at the chain.

The operator of mid-priced department stores said earnings came to $484.6 million, or $1.48 a diluted share for the quarter ended Feb. 3, compared with $374.9 million, or $1.08 a diluted share, a year earlier.

The earnings topped analyst consensus forecasts, which had projected a quarterly profit of $1.43 a share, according to Thomson Financial. Revenue for the quarter was in line with projections.

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