Kohl's Corporation raised its full-year profit forecast after reporting second-quarter earnings that more than doubled analyst estimates, helped by $150 million in tariff refunds and a 305 basis point increase in gross margin. Adjusted earnings per share reached $1.28 versus the 57-cent estimate, while revenue topped forecasts at $3.515 billion. Despite a 0.9% drop in net sales, the decline in comparable sales is slowing. Kohl's also restarted share buybacks with plans to repurchase up to $100 million this year and improved its cash position and reduced long-term debt. The company now expects full-year adjusted earnings per share between $1.80 and $2.40, above prior guidance and analyst estimates, signaling confidence in its financial outlook.
Kohl’s reported a 0.9% decline in net and comparable sales for the quarter, marking its 18th consecutive quarter of revenue drops. CEO Michael Bender explained that inflation is forcing middle to lower-income consumers to prioritize essential expense...
The ASC 842 lease accounting standard, effective in 2026, will require AI hyperscalers like Microsoft, Meta, Amazon, and Alphabet to recognize long-term lease obligations on their balance sheets. This change will add over $2.4 trillion in lease liabi...
Kohl’s shares have increased about 25% over the past year, even as the retailer faces ongoing sales challenges and volatile stock performance. In Q2, adjusted earnings per share and gross margins remained flat after accounting for one-time tariff ref...
Abercrombie & Fitch shares surged 37% following a large earnings beat with adjusted EPS of $4.17 versus $1.99 expected, driven partly by a $100 million tariff refund. The company raised its full-year earnings guidance to $13.10-$13.60 per share from ...
Kohl’s reported a strong Q2 profit beat with adjusted EPS of $1.28 versus $0.57 expected, largely due to a $150 million tariff refund boosting margins. However, net and comparable sales declined by 0.9%, signaling weak demand. Investors reacted negat...
