Kohl's Corp. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to $1.77 per share, compared with the S&P Capital IQ consensus estimate of $1.80 per share.
EPS increased 16.6% year over year from $1.52.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $355.6 million, an increase of 9.0% from $326.3 million in the fourth quarter ended Feb. 1, 2014.
The normalized profit margin rose to 5.6% from 5.3% in the year-earlier period.
Total revenue climbed on an annual basis to $6.34 billion from $6.10 billion, and total operating expenses grew from the prior-year period to $5.68 billion from $5.49 billion.
Reported net income rose 9.1% from the prior-year period to $366.8 million, or $1.82 per share, from $336.3 million, or $1.56 per share.
For the year, the company's normalized net income totaled $4.13 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $4.21.
EPS rose from $3.99 in the prior year.
Normalized net income was $843.1 million, a decrease from $877.5 million in the prior year.
Full-year total revenue amounted to $19.02 billion, compared with $19.03 billion in the prior year, and total operating expenses totaled $17.33 billion, compared with $17.29 billion in the prior-year period.
The company said reported net income declined year over year to $865.0 million, or $4.24 per share, in the full year, from $891.0 million, or $4.05 per share.
