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Kohl's fiscal Q1 profit climbs YOY

Kohl's Corp. said its normalized net income for the fiscal first quarter ended May 2 came to 61 cents per share, compared with the S&P Capital IQ consensus estimate of 55 cents per share.

EPS rose year over year from 59 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $122.5 million, compared with $121.9 million in the prior-year period.

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

Total revenue grew year over year to $4.12 billion from $4.07 billion, and total operating expenses grew on an annual basis to $3.84 billion from $3.79 billion.

Reported net income grew year over year to $127.3 million, or 63 cents per share, from $124.8 million, or 60 cents per share.