Quarterly ResultMay 28, 2026, 07:06 AM
Kohl's Q1 Net Sales Down 1.7%; Loss ($0.13)/Share; Affirms FY26 Outlook
AI Summary
Kohl's Corporation reported its first-quarter fiscal 2026 results, with net sales decreasing 1.7% to $2.998 billion and comparable sales down 1.1%. The company posted a diluted loss per share of ($0.13), consistent with the prior year. Despite the sales decline, Kohl's achieved its best comparable sales performance in over four years, improved its gross margin by 4 basis points, and affirmed its full-year 2026 financial outlook. The Board also declared a quarterly cash dividend of $0.125 per share.
Key Highlights
- Q1 2026 net sales decreased 1.7% to $2.998 billion.
- Comparable sales decreased 1.1%, marking the best performance in over four years.
- Diluted loss per share was ($0.13), matching the prior year.
- Gross margin increased 4 basis points to 39.9%.
- Inventory decreased 8% year-over-year to $2.9 billion.
- Affirmed full-year 2026 outlook for net sales and comparable sales (flat to down 2%).
- Declared a quarterly cash dividend of $0.125 per share.
- Borrowings under revolving credit facility reduced by $545 million to $0.
Price Impact
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