Key facts
- Kohl's reported second-quarter revenue of $3.32 billion, a 0.9% decrease year-over-year.
- The company's quarterly sales missed Wall Street estimates of $3.35 billion.
- Kohl's raised its fiscal 2026 adjusted earnings per share forecast to $1.80-$2.40 from $1.00-$1.60.
- The company received $150 million in tariff refunds.
- Kohl's will resume a $100 million share repurchase program.
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. Separately, discount retailer Dollar Tree beat Wall Street estimates for second-quarter revenue, reporting a 7% rise to $4.89 billion, exceeding the $4.86 billion analysts expected.