Kohl's Did What Few Other Retailers Could Last Quarter
Investors who keep close tabs on retail stocks likely know Kohl's (NYSE: KSS) posted whiz-bang fiscal third-quarter results on Nov. 18. Sales of $4.6 billion topped estimates of a little less than $4.3 billion, while per-share earnings of $1.65 trounced expectations for only $0.64. The company also upped its full-year guidance, fanning the bullish flames that initially sent its stock more than 10% higher.
Lost in all the noise of this earnings news, however, is an important metric for investors looking at Kohl's through a long-term lens. That is, Kohl's gross profit margin remained remarkably high in an inflationary environment that crimped rival retailers' overall profitability.
There's a reason.
Source Fool.com
