Kohl’s Corp (NYSE: KSS) has reported third quarter net income to be $193 million, or 63 cents per share, a 20 percent increase over last year’s third quarter which produced a net income of $160 million, or 52 cents per share.
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Thursday’s figures were slightly higher than what analysts predicted, 61 cents per share.
Kohl’s CEO and president Kevin Mansell said the company was pleased with third quarter numbers and expressed optimism for what lies ahead stating, “As we enter the fourth quarter, we will continue to focus on providing value for our customers as we expect them to continue to be conservative in their spending during this holiday season.”
The company expects total sales for the fourth quarter to increase between 3 percent and 6 percent.
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