Overview

• For the quarter ended Aug. 2, adjusted EPS came in at $0.56 versus roughly $0.30 expected, net income rose to $153 million, revenue was $3.35 billion, and comparable sales fell 4.2%.
• Kohl's lifted its 2025 outlook to adjusted EPS of $0.50 to $0.80 and now expects net sales to decline 5% to 6%, a narrower, slightly better range than prior guidance.
• Operating metrics improved as gross margin expanded 28 basis points to 39.9%, SG&A expenses fell 4.1%, and inventory declined 5% to $3.0 billion.
• Shares jumped as much as roughly 20% to 29% during Wednesday trading, reaching their highest level in about nine months.
• Management cited traction from turnaround moves including completed Sephora shop rollouts, assortment shifts in women’s and jewelry, broader coupon eligibility, and continued cost discipline, even as the company navigates an interim CEO and tighter vendor payment terms reported earlier this year.