Kohl's Q1 sales slightly beat; affirms full-year 2026 outlook

Kohls

28/05/2026 12:10

Overview
U.S. omnichannel retailer's fiscal Q1 net sales fell 1.7%, slightly beating analyst expectations
Comparable sales declined 1.1% and net loss was $14 mln, or $0.13 per share
Company affirmed full-year 2026 outlook

Outlook
Kohl's sees full-year net sales and comparable sales down 2% to flat
Company expects 2026 adjusted operating margin of 2.8% to 3.4%
Kohl's forecasts 2026 adjusted diluted EPS of $1.00 to $1.60

Result Drivers
COST CONTROL - Co said disciplined expense management contributed to results
INVENTORY MANAGEMENT - Inventory levels were reduced 8% year-over-year, which co said helped improve the balance sheet
SALES INITIATIVES - Co said key initiatives led to best comparable sales performance in over four years, despite overall sales decline

Company press release: ID:nBw3LMK2ka

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Sales
Slight Beat*
$3 bln
$2.99 bln (7 Analysts)
Q1 EPS
 
-$0.13
 
Q1 Net Income
 
-$14 mln
 
Q1 Gross Margin
 
39.90%
 
Q1 Comparable Sales Growth
 
-1.10%
 
Q1 EBIT
 
$46 mln
 
Q1 Pretax Profit
 
-$17 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and 5 "sell" or "strong sell"
The average consensus recommendation for the department stores peer group is "buy."
Wall Street's median 12-month price target for Kohls Corp is $15.00, about 16% above its May 27 closing price of $12.93
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)