Kohl’s Raises 2026 Outlook as Q2 Margins Improve Despite Sales Decline
THE WHAT? Kohl’s has raised its full-year 2026 financial outlook after reporting improved margins in the second quarter, despite net and comparable sales both declining 0.9 percent year on year.
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THE DETAILS Kohl’s reported Q2 net sales of US$3.3 billion, down 0.9 percent, while gross margin increased 305 basis points to 43 percent and net income reached US$151 million, or US$1.28 per diluted share. The retailer received approximately US$150 million in tariff refunds during the quarter, around US$100 million of which benefited gross margin, and now expects full-year net and comparable sales to range from a 1.5 percent decline to flat, adjusted EPS of US$1.80–US$2.40 and an adjusted operating margin of 3.5–4 percent. Kohl’s is also restarting share repurchases of up to US$100 million in 2026.
THE WHY? The improved outlook signals growing confidence in Kohl’s turnaround strategy and balance-sheet position, although continued sales declines underline the work still required to restore sustainable topline growth.
Source: Kohl’s
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文章来源:Global Cosmetics News(https://www.globalcosmeticsnews.com/)
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