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Kohl's beats quarterly net sales estimates

Aug 18 (Reuters) - Kohl’s Corp beat estimates for quarterly net sales on Tuesday, as the department-store chain reopened most of its stores that were shuttered for weeks to curb the spread of the novel coronavirus.

Net income narrowed to $47 million, or 30 cents per share, from $241 million, or $1.51 per share, a year earlier.

Net sales fell to $3.21 billion from $4.17 billion in the second quarter ended August 1, compared with Wall Street expectations of $3.09 billion, according to IBES data from Refinitiv. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Vinay Dwivedi)

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