Kohl’s quarterly sales beat estimates By Reuters
© Reuters. FILE PHOTO: A sign marks a Kohl’s store in Medford, Massachusetts, U.S., February 21, 2017. REUTERS/Brian Snyder
(Reuters) – Kohl’s Corp (NYSE:) beat quarterly sales estimates on Thursday as the department store chain, like rival Macy’s Inc (NYSE:), benefited from Americans returning to brick-and-mortar stores, following the roll out of COVID-19 vaccines.
Net sales rose to $4.22 billion from $3.21 billion in the second quarter ended July 31, compared with analysts’ estimates of $4.02 billion, according to IBES data from Refinitiv.
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