Kohl's Profit Beats Estimates As Costs Fall - Presented by: The Aol. On Network

Department store chain Kohl's Corp reported a better-than-expected quarterly profit as costs fell, sending its shares up 3.4 percent in premarket trading. The company said selling, general and administrative costs fell about 2 percent to $981 million in the second quarter. Cost of goods sold fell 1 percent. Kohl's, which caters to price-sensitive middle-class shoppers and competes with Macy's Inc, J.C. Penney Co Inc and Nordstrom Inc, said net sales fell 1.1 percent to $4.24 billion.



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