NYSE$KSS

Kohl's Corp · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Kohl’s reported a net loss in Q1 2025 but saw improvement in operating income and gross margin.

Kohl’s Q1 2025 performance came in ahead of expectations with an improved operating income and better gross margin despite declining sales. The company remains focused on its strategic transformation under interim leadership.

  • Net sales decreased 4.1% year-over-year to $3.049 billion.
  • Net loss improved to $15 million compared to $27 million last year.
  • Operating income rose to $60 million from $43 million in Q1 2024.
  • Gross margin increased by 37 basis points to 39.9%.

Headline financials

Total Revenue

$3.23B

Previous: $3.38B-4.4%
EPS

-$0.13

Previous: -$0.24+45.8%
Gross Margin

39.9%

No prior period
Free Cash Flow

-$15M

Previous: -$27M+44.4%
Net Income

-$15M

Previous: -$27M+44.4%
Operating Income

$60M

Previous: $43M+39.5%
Gross Profit

$1.4B

Previous: $1.46B-4.1%
Cash & Equivalents

$153M

Previous: $228M-32.9%
Total Assets

$13.6B

Previous: $14.3B-4.5%

Revenue & EPS history

Kohl's · Revenue · Quarterly

$3.23B

Q1 2025-4.4%vs Q1 2024
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Kohl’s reaffirmed its full-year guidance, projecting continued pressure on sales but expecting improved operating margin and earnings.

Tailwinds

  • Full-year diluted EPS projected in the range of $0.10 to $0.60.
  • Operating margin expected between 2.2% and 2.6%.
  • Capital expenditures planned between $400 million and $425 million.
  • Company remains committed to quarterly dividend of $0.125 per share.
  • Strategic initiatives showing early signs of impact.

Headwinds

  • Net sales expected to decline by 5% to 7% year-over-year.
  • Comparable sales forecasted to decline by 4% to 6%.
  • Operating cash flow was negative $92 million in Q1.
  • Continued macroeconomic headwinds may impact consumer spending.
  • Inventory levels increased slightly, up 2% year-over-year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-1.2%

Avg return

Earnings day

-2.2%

Avg return

5 days after

-1.9%

Avg return

30 days after

46%

31 / 68 earnings

Positive

+41.9%

Q3 2025

Best reaction

-24.1%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025-1.7%-10.9%-7.4%
Q3 2025+41.9%+56.3%+37.3%
Q2 2025+24.3%+15.5%+24.5%
Q1 2025-1.6%+3.3%+4.2%
Q4 2024-24.1%-33.1%-43.2%
Q3 2024-19.6%-18.4%-19.0%
Q2 2024+0.9%-1.1%+6.6%
Q1 2024-17.8%-17.5%-15.6%
Q4 2023-7.0%-8.8%-12.9%
Q3 2023-6.8%-6.9%+11.3%
Q2 2023-0.3%+0.2%-20.0%
Q1 2023+2.1%+3.9%+11.3%
Q4 2022-0.7%-2.6%-16.0%
Q3 2022+4.0%+8.2%-12.9%
Q2 2022-12.0%-15.1%-15.3%
Q1 2022-9.1%-16.1%-6.7%
Q4 2021+6.1%+5.7%+8.7%
Q3 2021+0.9%-0.5%-15.3%
Q2 2021+10.4%+16.1%+2.7%
Q1 2021-10.3%-8.6%-16.2%
Q4 2020+1.1%-2.5%+2.3%
Q3 2020+9.7%+8.6%+49.0%
Q2 2020-16.5%-19.4%-0.8%
Q1 2020-11.3%-7.1%+24.1%
Q4 2019-5.0%-9.9%-69.5%
Q3 2019-19.1%-19.5%-13.6%
Q2 2019-2.4%-6.3%+1.2%
Q1 2019-15.1%-18.7%-25.5%
Q4 2018+5.3%+2.0%+10.5%
Q3 2018-6.6%-10.1%-15.5%
Q2 2018+0.2%+2.5%-2.4%
Q1 2018-4.9%-0.3%+18.1%
Q4 2017+0.6%+1.1%-0.9%
Q3 2017+5.5%+3.5%+22.0%
Q2 2017-7.8%-9.1%+0.2%
Q1 2017-9.5%-8.7%-6.1%
Q4 2016+2.9%+2.0%-10.5%
Q3 2016+16.5%+15.7%+25.8%
Q2 2016+18.1%+21.1%+12.7%
Q1 2016-7.6%
Q4 2015+3.0%
Q3 2015-0.7%
Q2 2015-9.7%
Q1 2015-11.2%
Q4 2014+4.1%
Q3 2014-1.4%
Q2 2014+3.2%
Q1 2014-1.4%
Q4 2013+3.2%
Q3 2013-7.4%
Q2 2013+2.8%
Q1 2013+3.8%
Q4 2012-0.9%
Q3 2012-4.9%
Q2 2012-2.0%
Q1 2012-5.3%
Q4 2011-0.8%
Q3 2011-1.4%
Q2 2011-0.5%
Q1 2010-6.0%
Q1 2011+3.6%
Q4 2010+2.3%
Q4 2008+2.3%
Q3 2010+0.6%
Q3 2009+0.6%
Q4 2009+2.9%
Q2 2010+2.9%
Q2 2009+2.9%

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