Kohl's down after second-quarter sales miss

Kohl's

26/08/2026 13:00

** Shares of department store chain Kohl's KSS.N down about 7% at $16.47 premarket
** Co misses Q2 sales estimates as cautious consumer spending on discretionary items offset gains from the high-end department chain's turnaround push
** Quarterly revenue fell 0.9% to $3.32 billion from a year ago vs estimates of $3.35 billion - data compiled by LSEG
** KSS narrows annual net sales and comparable sales forecasts, now expects it to be flat to down 1.5% vs previous range of flat to decline of 2%
** But raises FY2026 adjusted EPS forecast to $1.80 to $2.40 vs prior forecast of $1 to $1.60, after benefiting from $150 million tariff refunds received in Q2
** Says it will resume its about $100 million share repurchase program this year
** As of last close, KSS down 13% YTD
     

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))