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Kohl's fiscal Q2 profit falls 7.1% YOY

Kohl's Corp. said its normalized net income for the fiscal second quarter ended Aug. 1 amounted to $1.08 per share, compared with the S&P Capital IQ consensus estimate of $1.16 per share.

EPS declined year over year from $1.12.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $212.5 million, a decrease of 7.1% from $228.8 million in the prior-year period.

The normalized profit margin dropped to 5.0% from 5.4% in the year-earlier period.

Total revenue totaled $4.27 billion, compared with $4.24 billion in the year-earlier period, and total operating expenses grew from the prior-year period to $3.84 billion from $3.79 billion.

Reported net income declined 43.9% year over year to $130.0 million, or 66 cents per share, from $231.7 million, or $1.13 per share.