Kohl's Q2 sales slightly miss; raises 2026 outlook
KSS
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Overview
- U.S. omnichannel retailer's Q2 net sales fell 0.9%, a slight miss versus analyst expectations
- Adjusted EPS for Q2 beat analyst expectations
- Company raised full-year outlook and will restart share repurchases up to $100 mln in 2026
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Net Sales | Slight Miss* | $3.32 bln | $3.34 bln (8 Analysts) |
| Q2 Adjusted EPS | Beat | $1.28 | $0.57 (13 Analysts) |
| Q2 EPS | | $1.28 | |
| Q2 Net Income | | $151 mln | |
| Q2 Gross Margin | | 43.00% | |
| Q2 Comparable Sales Growth | | -0.90% | |
| Q2 EBIT | | $261 mln | |
| Q2 Pretax Profit | | $198 mln | |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Result drivers
- Gross margin improvement - Co said gross margin rose 305 basis points, helped by tariff refunds of about $100 mln flowing through gross margin
- Operational focus - CEO said diligent operational focus across the organization helped build a stronger balance sheet
2026 outlook
- Kohl's raises 2026 outlook; sees net sales down 1.5% to flat
- Company expects 2026 adjusted diluted EPS in a range of $1.80 to $2.40
- Kohl's forecasts 2026 adjusted operating margin between 3.5% and 4.0%
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Kohl's Q2 sales slightly miss; raises 2026 outlook - KSS News | Rallies
