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Kohl's profit holds mostly steady YOY in fiscal Q2

Kohl's Corp. said its normalized net income for the fiscal second quarter ended Aug. 2 came to $1.12 per share, compared with the S&P Capital IQ consensus estimate of $1.07 per share.

EPS rose 8.0% year over year from $1.03.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $228.8 million, compared with $229.4 million in the prior-year period.

The normalized profit margin increased to 5.4% from 5.3% in the year-earlier period.

Total revenue decreased on an annual basis to $4.24 billion from $4.29 billion, and total operating expenses fell from the prior-year period to $3.79 billion from $3.84 billion.

Reported net income totaled $231.7 million, or $1.13 per share, compared to $230.9 million, or $1.04 per share, in the prior-year period.