Kohl's shares rise after retailer posts better-than-expected earnings, sees sales growth in 2021

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Kohl's on Tuesday reported fourth-quarter earnings and sales that topped analysts' estimates.

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on Tuesday reported fourth-quarter earnings and sales that topped analysts' estimates, and pointed to stronger growth in 2021.Here's how the company did during the quarter ended Jan. 30 compared with what analysts were expecting, using a Refinitiv survey:Revenue: $5.88 billion vs. $5.86 billion expected

Kohl's reported net income of $343 million, or $2.20 per share, compared with $265 million, or $1.72 a share, a year earlier. Excluding one-time charges, the company earned $2.22 per share, topping the $1.01 forecast by analysts. Kohl's shares are up about 45% over the past 12 months, as of Monday's market close. The retailer has a market cap of $8.99 billion, which has grown to be bigger than

 

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