Kohl’s FY Net Income Doubles to $272M as Q4 Sales Fall 3.9%
Kohl’s fourth-quarter net income rose to $125 million from $48 million despite a 3.9% sales decline to $5 billion, and full-year net income more than doubled to $272 million on $14.8 billion, down 4%. For fiscal 2026, Kohl’s forecasts net sales down 2% to flat, EPS of $1.00–$1.60, operating margin of 2.8%–3.4% and capex of $350 million–$400 million.
1. Q4 and Full-Year Results
Kohl’s reported fourth-quarter net income of $125 million, up from $48 million a year earlier, on net sales of $5 billion, a 3.9% decline. For the full year to January 31, 2026, net income more than doubled to $272 million while net sales fell 4% to $14.8 billion.
2. Margin and Operating Income
Operating income for Q4 rose to $212 million from $126 million, and gross margin improved by 25 basis points to 33.1%. On an annual basis, operating income increased to $624 million from $433 million, raising operating margin by 135 basis points to 4.0%.
3. Fiscal 2026 Guidance
Kohl’s projects net sales for fiscal 2026 to decline 2% to flat, adjusted earnings per share of $1.00–$1.60, and an operating margin of 2.8%–3.4%. The company plans capital expenditures of $350 million–$400 million as it pursues operational improvements and modernization.