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Kohl's fiscal Q4 profit falls 18.8% YOY

Kohl's Corp. said its normalized net income for the fiscal fourth quarter ended Jan. 30 came to $1.54 per share, compared with the S&P Capital IQ consensus estimate of $1.56 per share.

EPS fell 12.7% year over year from $1.77.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $288.8 million, a decrease of 18.8% from $355.6 million in the year-earlier period.

The normalized profit margin fell to 4.5% from 5.6% in the year-earlier period.

Total revenue came to $6.39 billion, compared with $6.34 billion in the prior-year period, and total operating expenses grew year over year to $5.85 billion from $5.68 billion.

Reported net income decreased 19.2% on an annual basis to $296.5 million, or $1.58 per share, from $366.8 million, or $1.82 per share.

For the year, the company's normalized net income totaled $3.93 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.98.

EPS declined 4.9% from $4.13 in the prior year.

Normalized net income was $766.3 million, a decrease of 9.1% from $843.1 million in the prior year.

Full-year total revenue totaled $19.20 billion, compared with $19.02 billion in the prior year, and total operating expenses increased year over year to $17.65 billion from $17.33 billion.

The company said reported net income decreased 22.0% on an annual basis to $674.7 million, or $3.46 per share, in the full year, from $865.0 million, or $4.24 per share.