Kohl’s Corporation Reports Second Quarter Financial Results

Kevin Mansell, Kohl’s chairman, chief executive officer and president, said, “The traffic momentum that we saw in the combined March/April period accelerated in the second quarter. Though transactions for the quarter were lower than last year, July transactions increased. We are also excited by the sequential sales trend improvement in all our lines of business, all geographic regions, and in both our proprietary and national brand portfolios. Gross margin and SG&A expenses were consistent with our expectations and we are seeing benefits from our ongoing inventory initiatives and the early stages of our cost-saving initiative.”

Dividend
On August 8, 2017, the Kohl’s Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.55 per share. The dividend is payable September 20, 2017 to shareholders of record at the close of business on September 6, 2017.

Store Update
Kohl’s ended the quarter with 1,154 Kohl’s stores in 49 states compared with 1,150 Kohl’s stores at the same time last year. Kohl’s also operates 12 FILA Outlets and four Off/Aisle clearance centers.
more details at:  https://corporate.kohls.com/content/dam/kohlscorp/pdfs/2017/Kohls%20Q2%202017%20Earnings%20Release.pdf

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