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Kohl’s quarterly sales beat estimates – Metro US

Kohl’s quarterly sales beat estimates

FILE PHOTO: FILE PHOTO: A sign marks a Kohl’s store
FILE PHOTO: FILE PHOTO: A sign marks a Kohl’s store in Medford

(Reuters) – Kohl’s Corp beat quarterly sales estimates on Thursday as the department store chain, like rival Macy’s Inc, benefited from Americans returning to brick-and-mortar stores, following the roll out of COVID-19 vaccines.

Net sales rose to $4.22 billion from $3.21 billion in the second quarter ended July 31, compared with analysts’ estimates of $4.02 billion, according to IBES data from Refinitiv.

(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)

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