All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
All NewsHome
← Back to Equities & Funds

Kohl's misses quarterly sales estimates, raises annual profit forecast

Created at 26 Aug · 11:26 AM1 source↑ Market-relevant
IN SHORT

Kohl's reported second-quarter sales below Wall Street expectations due to cautious consumer spending on discretionary items. However, the company raised its annual profit forecast and plans to resume its share repurchase program.

Key Numbers

$3.32 billionKohl's second-quarter revenue
0.9%Year-over-year revenue decline
$3.35 billionAnalyst sales estimate
0.1%Estimated year-over-year revenue decline
$150 millionTariff refunds received
$100 millionShare repurchase program
$1.80 to $2.40New fiscal 2026 adjusted earnings per share forecast
$1.00 to $1.60Prior fiscal 2026 adjusted earnings per share forecast

Who's Involved

Kohl's
Department store chain that missed sales estimates
Wall Street
Analysts whose sales estimates were missed
LSEG
Data provider for sales estimates

↳ Why This Matters

The results highlight the ongoing challenges for retailers catering to middle and lower-income consumers facing inflation, even as the company signals improved profitability and a commitment to returning capital to shareholders.

Key facts

  • Kohl's missed Wall Street estimates for second-quarter sales.
  • The company raised its annual profit forecast for fiscal 2026.
  • Kohl's will resume its share repurchase program, valued at approximately $100 million.
  • Quarterly revenue fell 0.9% to $3.32 billion.

Kohl's reported a miss on second-quarter sales estimates, with revenue falling 0.9% to $3.32 billion, below the $3.35 billion analysts had projected. This shortfall was attributed to cautious consumer spending on discretionary items like apparel and home goods, a trend affecting various retailers. However, the department store chain raised its fiscal 2026 adjusted earnings per share forecast to a range of $1.80 to $2.40, up from its previous outlook of $1.00 to $1.60. This upward revision was partly due to $150 million in tariff refunds received during the quarter. Kohl's also announced its intention to resume its approximately $100 million share repurchase program this year.

Frequently asked questions

Kohl's missed sales estimates because cautious consumer spending on discretionary items offset efforts to turn the business around.

Kohl's now expects fiscal 2026 adjusted earnings of $1.80 to $2.40 per share, an increase from its prior forecast of $1.00 to $1.60.

The company plans to resume its share repurchase program, valued at about $100 million, this year.

What Happens Next

01Kohl's will resume its share repurchase program.
CME Headlines
  • E-mini S&P 500 futures fell to 7,675 on macro catalyst watch.
    24 Aug · 8:58 PM
  • E-mini S&P 500 futures fell to 7,675 on macro catalyst watch.
    24 Aug · 8:58 PM
  • S&P 500 futures rebound from 3-week low.
    21 Aug · 9:06 PM

How It Developed

Kohl's reported second-quarter sales below analyst estimates.
Cautious consumer spending on discretionary items impacted sales.
The company raised its annual profit forecast.
Kohl's will resume its share repurchase program this year.

Sources

T1
Department store chain Kohl's misses quarterly sales estimates amid cautious spendingReuters

Related Stories

Bath & Body Works Lifts Annual Profit Forecast on Digital Demand
26 Aug · 11:02 AM
J.M. Smucker forecasts smaller annual sales decline on steady coffee demand
26 Aug · 12:14 PM
Abercrombie & Fitch raises full-year sales forecast on resilient apparel demand
26 Aug · 11:51 AM
Intuit annual forecast misses estimates, citing customer growth focus
25 Aug · 8:06 PM
Cerebras shares fall 16% after quarterly results disappoint investors
25 Aug · 12:49 PM