Why Kohl’s (KSS) Stock Is Falling After a Better Than Expected Quarter
TLDR
- Kohl’s posted adjusted EPS of $1.28 for Q2, well above Wall Street’s estimate of 58 cents
- Net sales fell 0.9% to $3.3 billion, with comparable sales dropping by the same amount
- The company raised full-year guidance, now expecting adjusted EPS of $1.80 to $2.40
- Kohl’s received roughly $150 million in tariff refunds in Q2 and plans to restart share buybacks up to $100 million
- KSS stock dropped over 6% in pre-market trading despite the earnings beat
Kohl’s delivered a Q2 earnings beat on Tuesday, but the market was not impressed. The stock slid more than 6% in pre-market trading after the retailer reported that both net sales and comparable sales fell 0.9% year-over-year to $3.3 billion for the quarter ended August 1.
Adjusted earnings per share came in at $1.28, more than double Wall Street’s estimate of 58 cents. Net income was $151 million, slightly down from $153 million a year ago.
The sales decline continues a multi-year downward trend that CEO Michael Bender has been working to reverse since taking the role in May 2025. Bender acknowledged “critical work ahead” while pointing to what he called ongoing progress in comparable sales trends.
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