Overview

• Kohl’s posted adjusted EPS of $0.56 on revenue of about $3.35 billion, topping estimates even as net sales fell 5.1% and comparable sales declined 4.2%.
• Management raised full‑year adjusted EPS guidance to $0.50–$0.80 and now expects net sales down 5%–6% with comparable sales down 4%–5%.
• Profitability improved with gross margin up 28 basis points to 39.9%, SG&A expenses down 4.1%, and inventory reduced roughly 5% to $3.0 billion.
• Shares jumped roughly 20%–24% Wednesday on the results and outlook, then pulled back about 6% Thursday as several analysts kept neutral or underweight ratings with low price targets.
• Executives pointed to the completed Sephora rollout, expanded coupon eligibility, and category resets in jewelry, women’s, and impulse as drivers, while filings highlighted new 10% secured notes, extended vendor payment terms, and ongoing leadership transition under an interim CEO.