Kohl's Q1 net sales increased by 1.9%

Kohl’s reported results for the quarter ended April 28, 2012.

The first quarter result showed a net income of $154 million compared to $201 million a year ago. Net sales were $4.2 billion, an increase of 1.9 percent for the quarter. Comparable store sales for the quarter increased 0.2 percent.

On May 9, 2012, Kohl's board of directors declared a quarterly dividend on the company's common stock of $0.32 per share. The dividend is payable June 27, 2012, to shareholders of record at the close of business on June 6, 2012.

Based in Wisconsin, Kohl’s is a department store offering apparel, shoes, accessories, beauty and home. The company ended the quarter with 1,134 stores in 49 states, compared with 1,097 stores at the same time last year. The company opened nine new stores, including one relocated store, and closed one store during the quarter and plans to open approximately 10 more stores in the fall season. The company plans to remodel approximately 50 stores in 2012.