(Reuters) – Department store operator Kohl’s Corp (KSS) reported its first increase in comparable-store sales in seven quarters, helped by higher traffic and strong back-to-school sales.
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Sales at stores open at least 12 months increased by a marginal 0.1 percent, compared with the 0.7 percent decline expected by analysts, according to Thomson Reuters I/B/E/S.
The company’s net income fell to $117 million, or 70 cents per share, in the third quarter ended Oct. 28, from $146 million, or 83 cents per share, a year earlier.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Saumyadeb Chakrabarty)
