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Kohl's fiscal Q1 profit falls 16.7% YOY

Kohl's Corp. said its normalized net income for the fiscal first quarter ended May 3 came to 59 cents per share, compared with the S&P Capital IQ consensus estimate of 62 cents per share.

EPS fell 10.7% year over year from 66 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $121.9 million, a decline of 16.7% from $146.3 million in the year-earlier period.

The normalized profit margin fell to 3.0% from 3.5% in the year-earlier period.

Total revenue fell year over year to $4.07 billion from $4.20 billion, and total operating expenses declined from the prior-year period to $3.79 billion from $3.88 billion.

Reported net income declined 15.2% from the prior-year period to $124.8 million, or 60 cents per share, from $147.2 million, or 66 cents per share.