Kohl’s Q1 earnings top estimates as comparable sales decline less than feared

For the 4th ended May 2, 2026, Kohl’s posted a diluted nonaccomplishment of $0.13 per share, beating Wall Street expectations for a nonaccomplishment of $0.21 per share.

Revenue totaled $3 billion, somewhat up of estimates of $2.99 billion.

Net income declined 1.7% year-over-year, portion comparable income fell 1.1%, a smaller driblet than the 1.7% diminution analysts had forecast.

Kohl’s CEO Michael Bender said the company’s “key initiatives proceed to thrust progressive improvements to the business,” highlighting the retailer’s “best comparable income show successful implicit 4 years.”

He besides pointed to disciplined outgo management, little inventories, and an improved equilibrium sheet.

“We stay committed to delivering much worth and a amended acquisition to our customers,” Bender said.

Kohl’s reiterated its full-year fiscal 2026 guidance. The institution continues to expect nett and comparable income to scope from a 2% diminution to flat, with adjusted operating borderline projected betwixt 2.8% and 3.4%.

Adjusted diluted net per stock are expected successful the scope of $1 to $1.60, portion superior expenditures are forecast betwixt $350 cardinal and $400 million.

The institution besides declared a quarterly currency dividend of $0.125 per share, payable June 24, 2026, to shareholders of grounds arsenic of June 10, 2026.