NYSE$KSS

Kohl's Corp · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Kohl's delivered improved profitability in Q2 2025 aided by cost control and a legal settlement.

Kohl’s reported a net income of $153 million and EPS of $1.35 in Q2 FY25, with gross margin expansion and disciplined expense management. Adjusted EPS was $0.56, excluding a $129 million legal settlement gain.

  • EPS reached $1.35, driven in part by a $129M legal settlement gain
  • Adjusted EPS came in at $0.56, reflecting core performance
  • Net sales declined 5.1% YoY, but gross margin improved by 28 basis points
  • Operating cash flow more than doubled compared to prior year

Headline financials

Total Revenue

$3.55B

Previous: $3.73B-5.0%
EPS

$1.35

Previous: $0.59+128.8%
Gross Margin

39.9%

No prior period
Free Cash Flow

$153M

Previous: $66M+131.8%
Net Income

$153M

Previous: $66M+131.8%
Operating Income

$279M

Previous: $166M+68.1%
Gross Profit

$1.54B

Previous: $1.6B-4.3%
Cash & Equivalents

$174M

Previous: $231M-24.7%
Total Assets

$13.4B

Previous: $14.2B-5.6%

Revenue & EPS history

Kohl's · Revenue · Quarterly

$3.55B

Q2 2025-5%vs Q2 2024
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Kohl's provided a cautious full-year outlook with expectations of continued sales pressure and moderated profitability.

Tailwinds

  • Maintains capital expenditure guidance of $400 million
  • Plans continued debt reduction with disciplined financial management
  • Legal settlement supported short-term profitability
  • Operating margin improvement reflects cost discipline
  • SG&A expenses decreased YoY

Headwinds

  • Net sales expected to decline 5% to 6% YoY
  • Comparable sales expected to fall 4% to 5%
  • Adjusted EPS outlook lowered to $0.50–$0.80
  • Continued pressure from economic environment
  • Inventory levels slightly elevated, requiring careful management

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 Q2 2025

Historical avgQ2 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro