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Kohl's beats estimates for quarterly profit

2023-08-23 19:26
Kohl's Corp beat quarterly profit estimates on Wednesday, as leaner inventories, lower costs and fewer discounts helped the
Kohl's beats estimates for quarterly profit

Kohl's Corp beat quarterly profit estimates on Wednesday, as leaner inventories, lower costs and fewer discounts helped the department store operator to counter a broader retail slowdown.

The company earned 52 cents per share in the second quarter ended July 29, above analysts' estimates of 22 cents.

(Reporting by Savyata Mishra in Bengaluru; Editing by Anil D'Silva)