Kohl’s profit rises14% in Q4
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Menomonee Falls, Wis. -- Kohl's Corp. reported Thursday that its fourth quarter net earnings rose 14% and the board authorized the first dividend in the company's history. But the chain said consumers will remain cautious in 2011 and gave a full-year earnings forecast below Wall Street’s expectations. Kohl’s said that income the quarter ended Jan. 29 increased to $493 million from $431 million a year earlier, slightly ahead of predictions. Revenue rose 6% to $6.04 billion from $5.68 billion, in line with projections. Same-store sales rose 4.3%. For the year, net income rose 12% to $1.11 billion. Revenue rose
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- People:
- Kevin Mansell
- Places:
- Menomonee Falls, Wis.
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