Q2 2025 Financial Performance - Net sales decreased by (5.1%) compared to Q2 2024[50] - Comparable sales declined by (4.2%)[50] - Gross margin increased by 28 basis points to 39.9% compared to 39.6% in Q2 2024[50, 52] - SG&A expense decreased by (4.1%) compared to last year[50] - Adjusted operating income was $161 million[50] - Adjusted net income was $64 million, or $0.56 of adjusted earnings per diluted share[50] Balance Sheet and Leverage - Net debt + leases to adjusted EBITDAR leverage ratio is 2.6x when adjusting for actual lease periods exercised, down from the unadjusted ratio of 4.4x[59, 61] - Merchandise inventories decreased to $2.994 billion from $3.151 billion[64] 2025 Outlook - Net sales are expected to decrease by (5%) to (6%) versus 2024[68] - Comparable sales are expected to decrease by (4%) to (5%)[68] - Adjusted operating margin is projected to be 2.5% to 2.7%[68] - Adjusted diluted EPS is expected to be $0.50 to $0.80[68]

柯尔百货(KSS.US)盘前大涨超20%，报15.65美元。 另外，公司上调全年业绩指引，目前预计同店销售额降幅将收窄至5%以内，此前预期降幅为6%；净销 售额将下降5%至6%，此前预期降幅为5%至7%；每股收益将介于50至80美分之间，此前预期为10至60 美分。(格隆汇) 消息面上，柯尔百货公布第二季度业绩，净销售额同比下降约5%至33.5亿美元，仍超出分析师预期的 33.2亿美元；调整后每股收益为56美分，亦超过预期的29美分；同店销售额下降4.2%，低于分析师预期 的5%降幅。 ...

智通财经APP获悉，柯尔百货(KSS.US)因上调全年业绩预期，释放出这家陷入困境的零售商转型策略初 见成效的积极信号，股价大幅上涨。 财报显示，该公司目前预计，今年同店销售额降幅将收窄至5%以内，优于此前预估的6%降幅，净销售 额将下降5%至6%，较此前预测的降幅5%至7%有所收窄，同时预计全年每股收益为50至80美分，较此 前10至60美分的宽泛预测区间显著提升。 第二季度业绩方面，净销售额从上年同期的35.3亿美元下降至33.5亿美元，但超出华尔街预期的33.2亿 美元，调整后每股收益为56美分，远超29美分的市场预期，同店销售额下降4.2%，低于分析师预估的 5%降幅。 财报公布后，该公司股价盘前大涨逾23%。而截至周二收盘，其年内跌幅仍达7.1%。 最新业绩表明，近期聚焦精品珠宝、优化女装品类等举措正助力柯尔百货重获消费者青睐。该公司还通 过与丝芙兰、玩具反斗城等品牌联名合作刺激消费、提升客流量。今年早些时候，柯尔百货已完成在其 全美1100多家门店内引入丝芙兰的工作。 与此同时，在关税和通胀压力导致消费者预算紧缩、对百货商店等中端零售商造成不利影响的背景下， 柯尔百货还为品牌商品提供更多优惠券，以 ...

根据伦敦证券交易所集团（LSEG）汇编的数据，科尔百货第二季度调整后每股收益为 0.56 美元，远高 于市场预期的 0.29 美元。 在截至 8 月 2 日的季度中，该公司同店销售额下降 4.2%，降幅小于市场预期的 5%。 美国连锁百货公司科尔百货（Kohl's，股票代码：KSS）于周三上调年度利润预期。目前，该公司正推 进转型以控制成本，同时在关键的假日购物季期间努力赢回消费者，这一动态推动其股价在盘前交易时 段上涨 15%。 今年早些时候，科尔百货已关闭位于俄亥俄州的一家电商履约中心，并缩减店内珠宝业务规模，同时减 少自有品牌的库存。 科尔百货当前预计全年每股收益为 0.50 美元至 0.80 美元，相比之下，该公司此前公布的全年每股收益 预期区间更为宽泛，为 0.10 美元至 0.60 美元。 "我们成功扩大了毛利率、减少了库存并降低了开支，推动第二季度实现稳健盈利，" 科尔百货临时首 席执行官迈克尔・本德（Michael Bender）表示。 来源：环球市场播报 ...

Kohl’s offered a more optimistic view for full-year sales, a sign that the troubled retailer’s turnaround efforts are gaining traction https://t.co/CwVeQjnsu5 ...

Exhibit 99.1 Kohl's Reports Second Quarter Fiscal 2025 Financial Results MENOMONEE FALLS, Wis.—(BUSINESS WIRE)—August 27, 2025—Kohl's Corporation (NYSE:KSS) today reported results for the second quarter ended August 2, 2025. Michael Bender, Kohl's Interim Chief Executive Officer, said "Kohl's second quarter performance is a testament to the progress we are making against our 2025 initiatives. This resulted in sales performance that came in ahead of our expectations. While it is clear that these initiatives ...

Core Viewpoint - Kohl's Corporation is expected to report declines in both revenue and earnings for the second quarter of fiscal 2025, with sales estimated at $3.48 billion, reflecting a 6.9% decrease year-over-year, and earnings per share projected at 33 cents, down 44.1% from the previous year [1]. Group 1: Earnings Performance - The Zacks Consensus Estimate for Kohl's quarterly sales is currently pegged at $3.48 billion, indicating a 6.9% decrease from the year-ago quarter [1]. - The consensus mark for earnings for the fiscal second quarter has remained stable at 33 cents a share, reflecting a year-over-year plunge of 44.1% [1]. - Kohl's has delivered an average earnings surprise of 18.8% over the trailing four quarters, with a notable earnings surprise of 40.9% in the last reported fiscal quarter [2]. Group 2: Factors Impacting Performance - Ongoing macroeconomic uncertainty and a cautious consumer environment are significant challenges for Kohl's, particularly affecting its digital business and home category sales [3]. - The company is facing external headwinds such as shifting consumer behavior and unpredictable tariff developments, leading to a projected comparable sales decline of 5.6% in the upcoming quarter [4]. - Despite these challenges, Kohl's has made progress in underpenetrated categories like home decor, gifting, and baby products, which may provide some cushion in the fiscal second quarter [5]. Group 3: Strategic Initiatives - Kohl's is focusing on strategic growth initiatives, including enhancing customer experience, optimizing inventory, and effective cost management, which is expected to result in a 6.1% reduction in SG&A costs for the second quarter [6]. - The strategic partnership with Sephora is anticipated to have a positive impact on performance in the upcoming quarter [5]. Group 4: Earnings Prediction Model - The current model does not predict an earnings beat for Kohl's, as it has an Earnings ESP of -20.17% and a Zacks Rank of 3, indicating a neutral outlook [7].

After winning the favor of retail investors, Kohl's has a chance to raise some much-needed cash, says @andreafelsted (via @opinion) https://t.co/tNWlyCEqSQ ...

Meme Stock Phenomenon - Meme stocks experience volatile price swings unrelated to business fundamentals, often involving heavily shorted, cheap stocks [4] - Retail investors leverage social media to drive up stock prices, challenging institutional investors [3][8] - GameStop's surge, fueled by Reddit users, demonstrated the potential for massive gains and losses, impacting hedge funds [9][10] - Kohl's, like other recognizable brands, became a target for meme stock activity due to its household name and high short interest [11][12] Kohl's Business Performance - Kohl's stock experienced a 100% surge due to meme stock activity, despite underlying business performance being just "okay" [1] - From July 2021 to July 2025, Kohl's stock price decreased by approximately 85% [17] - Between 2019 and 2024, beauty and accessory sales increased by 38% due to the Sephora partnership, but overall sales decreased by 18.5%, and excluding beauty, sales decreased by around 26% [19] - Kohl's has lost 1.3 million customers over five years to competitors [17] Risks and Outlook - Short selling involves borrowing and selling stock, hoping to buy it back at a lower price, but losses can be exponential if the price rises [5][6] - Wild stock swings can distract from Kohl's need to focus on day-to-day operations [21] - While not in immediate danger of bankruptcy, Kohl's faces challenges and needs to experiment with different strategies under an interim CEO [18][19][20] - Predicting the next meme stock is difficult, but companies with household names and high short interest are potential candidates [14][16]

Group 1 - The resurgence of meme stocks has created a dilemma for professional investors, weighing the option to capitalize on retail trading enthusiasm against the risk of a market bubble warning signal [1] - Stocks like Opendoor Technologies Inc. and Kohl's Corporation have seen significant price movements, with major indices like the S&P 500 and Nasdaq 100 reaching historical highs since early April [1] - FINRA data indicates that margin debt for purchasing stocks has surpassed levels seen during the tech bubble, reaching an all-time high [1] Group 2 - Signs of market fatigue are emerging, as the latest meme stock rally has shown a quick loss of momentum, with Bitcoin also retreating from its historical peak [3] - Some Wall Street trading desks are advising clients to purchase insurance at discounted prices to guard against potential losses, as current market valuations appear significantly high [3] - The S&P 500's expected price-to-earnings ratio is nearing 23 times, well above the 10-year average of approximately 18 times, indicating a substantial disconnect from fundamentals [3] Group 3 - The current speculative frenzy is reminiscent of the January 2021 meme stock surge, driven by retail investors using government stimulus checks and zero-commission trading platforms [7] - The trading volume for Opendoor reached 1.8 billion shares on its busiest day, accounting for nearly 10% of total U.S. stock market volume, highlighting the amplified speculative momentum [7] - The macroeconomic backdrop is different this time, with rising interest rates and expectations of potential Federal Reserve rate cuts later this year, which could further support the stock market [7] Group 4 - Current market conditions are still digesting the impacts of tariffs imposed by the Trump administration, but most trade agreements have yielded better-than-expected results since early April [7] - Inflation appears to be under control, and earnings growth remains stable, which could provide a foundation for continued market performance [7] - If the Federal Reserve does not cut rates this year or if tariffs and inflation undermine other positive factors, the market may face a reassessment [7]