Kohl’s (KSS) reported first quarter profits that beat analyst estimates but missed on revenue. The department store chain reported weak sales growth and a difficult February due to bad weather. The company posted earnings of $127 million or $0.63 per share. Revenue was up from last year’s numbers, coming in at $4.12 billion. Kohl’s has felt the pressure from discount competitors including Macy’s (M), Walmart (WMT) and Target (TGT). CEO Kevin Mansell said in a statement that ‘Sales were modestly below our original expectations for the quarter, but accelerated in the March/April combined period after a weak February.’ Kohl’s stock was down almost 10 percent following the earnings numbers.
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