Kohl’s Q2 sales marginally up by 0.6 percent

Kohl’s Corporation (NYSE:KSS). Kohl’s Corporation today reported results for the quarter and year-to-date period ended August 1, 2015. Total sales for the quarter were 4,267 million dollars, an increase of 0.6 percent over the same quarter last year. Comparable store sales were up 0.1 percent compared to 1.3 percent last year.

Commenting on the lower results, Kevin Mansell, Kohl's Chairman, Chief Executive Officer and President, said, "Our sales results were below our plan as the shift of sales in tax-free states from July into August was larger than anticipated. Our expenses were well managed for the season. Our inventory receipts are well-positioned for the back-to-school and fall seasons."

On August 11, 2015, Kohl's Board of Directors declared a quarterly cash dividend on the company's common stock of 0.45 dollar per share. The company ended the quarter with 1,164 stores in 49 states, compared with 1,160 stores at the same time last year.