Thursday, August 12, 2010

Kohl's Spends Profits on Infrastructure?

Kohl’s (KSS) spent their net profits on something called property, equipment and favourable lease rights. No discussion in the earnings release about merchandising, product mix, improving margins or store openings and closings. But then numbers do not lie and they spent shareholder profits on what seems to be the infrastructure.

Management is not very forthcoming in the earnings release.

Disclosure: No position in any stocks mentioned in this post.