India, May 28 -- Kohl's Corporation (KSS), an omnichannel retailer, on Thursday reported a narrower first-quarter loss, as lower expenses and a higher income tax benefit helped offset weaker sales. The company's shares were up nearly 10% in pre-market trading.
Net loss narrowed to $14 million compared with $15 million loss a year ago. On a per share basis, loss was unchanged at $0.13.
Operating income fell to $46 million from $60 million last year, while selling, general and administrative expenses declined to $1.145 billion from $1.164 billion.
Income tax benefit increased to $3 million from $1 million a year ago.
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Net sales decreased to $2.998 billion...