Summary Box: Kohl's 1Q profit up; boosts outlook

AP News
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Posted: May 12, 2011 1:35 PM
Summary Box: Kohl's 1Q profit up; boosts outlook

SOLID EARNINGS: Kohl's earned $211 million, or 73 cents per share, for the period ended April 30. That's up from $199 million, or 64 cents per share, a year earlier. The performance met the expectations of analysts surveyed by FactSet.

THE FACTORS: The company benefited from expense cutting, strong e-commerce sales and strong performance of its exclusive brands like Fila and Food Network.

BOOSTED OUTLOOK: Kohl's now expects full-year earnings of $4.25 to $4.40 per share, up from $4.05 to $4.25 per share.