By Mackenzie Tatananni
Kohl's managed to clear a low bar on Thursday as the department store chain posted a narrower-than-anticipated loss and held its fiscal-year guidance steady.
Kohl's posted a fiscal first-quarter loss of 13 cents a share, flat over last year and narrower than the 16-cent loss analysts had anticipated. Net sales fell 1.7% to $3 billion, in line with the consensus estimate among analysts tracked by FactSet. Comparable sales decreased 1.1%.
The company reiterated its fiscal-year outlook on the back of its latest quarter. Kohl's expects net sales and comparable sales to fall 2% to remain flat, and sees adjusted earnings of $1 to $1.60 a share. Analysts were looking for $1.36 a share, narrowly above the midpoint of the range.
Shares jumped 10% in premarket trading Thursday. Futures tracking the benchmark S&P 500 were down 0.3%.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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May 28, 2026 07:26 ET (11:26 GMT)
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