Quarterly ResultJun 4, 2026, 04:16 PM
Kohls Corp Reports Q1 Net Loss of $14M; Sales Down 1.7%
AI Summary
Kohls Corp (KSS) filed its 10-Q for the quarter ended May 2, 2026, reporting a net loss of $14 million, or $0.13 per diluted share, which was flat compared to the prior year. Net sales saw a slight decrease of 1.7% to $3.0 billion, with comparable sales down 1.1%. The company reported an increase in gross margin to 39.9% and a decrease in SG&A expenses. Operating income declined year-over-year. The company also announced a quarterly cash dividend of $0.125 per share.
Key Highlights
- Kohls Corp reported a net loss of $14 million ($0.13 per diluted share) for the quarter ended May 2, 2026, compared to a net loss of $15 million ($0.13 per diluted share) in the prior year.
- Net sales decreased 1.7% to $3.0 billion, with comparable sales down 1.1% year-over-year.
- Gross margin was 39.9% of net sales, an increase of 4 basis points compared to the prior year.
- Selling, general, and administrative (SG&A) expenses decreased 1.6% to $1.1 billion.
- Operating income was $46 million, a decrease from $60 million in the prior year.
- Inventory decreased 8% year-over-year to $2.9 billion.
- Cash and cash equivalents increased to $429 million from $153 million in the prior year.
- The Board of Directors declared a quarterly cash dividend of $0.125 per share, payable on June 24, 2026.
Price Impact
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