Overview

• Second-quarter net income rose to $153 million on revenue of $3.35 billion, beating LSEG estimates.
• Comparable sales declined 4.2% and net sales fell 5.1% from a year earlier.
• Kohl’s now projects adjusted EPS of $0.50–$0.80 for 2025 and expects net sales to decrease 5%–6%.
• Gross margin improved by 28 basis points, SG&A expenses fell 4.1%, and inventory ended the quarter down 5% to $3.0 billion.
• Interim CEO Michael Bender pointed to merchandising gains, including a completed Sephora rollout and investments in proprietary brands, as the company also contends with leadership turnover and recent vendor payment-term changes.