Department store chain Kohl’s Corporation (NYSE: KSS) reported a narrower-than-expected loss for the first quarter of fiscal 2026, despite a decrease in sales.
The company posted a net loss of $14 million or $0.13 per share for the first quarter, compared to a loss of $15 million or $0.13 per share in the prior-year quarter. Analysts were expecting a bigger loss per share for Q1.
Net sales decreased 1.7% to $3.0 billion during the three months, from $3.05 billion in Q1 2025. Total revenue was $3.17 billion, vs. $3.23 billion last year.
Michael Bender, Kohl’s CEO, said, “we are pleased with our start to 2026. Our key initiatives continue to drive progressive improvements to the business, resulting in our best comparable sales performance in over four years. In addition, we continue to manage the business with great discipline, leading to strong expense management, cleaner inventories, and an improved balance sheet.”
Management reaffirmed its fiscal 2026 adjusted earnings guidance in the range of $1.00 per share to $1.60 per share. It continues to expect full-year sales and comparable sales change to be from down 2% to flat year-over-year.
Kohl’s board of directors has declared a quarterly cash dividend of $0.125 per share, payable on June 24, 2026, to shareholders of record at the close of business on June 10, 2026.
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