UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from ________ to _________ Commission file number 1-11084 KOHL'S CORPORATION (Exact name of registrant as specified in its charter) Wisconsin 39-1630919 (State or other juris ...

Kohl's Corporation (NYSE:KSS) Q1 2023 Results Conference Call May 24, 2023 9:00 AM ET Company Participants Mark Rupe - SVP, IR Tom Kingsbury - CEO Jill Timm - CFO Conference Call Participants Bob Drbul - Guggenheim Partners Gabby Carbone - Deutsche Bank Mark Altschwager - Baird Matthew Boss - JPMorgan Dana Telsey - Telsey Advisory Group Chuck Grom - Gordon Haskett Paul Lejuez - Citigroup Oliver Chen - Cowen Operator Hello and thank you for standing by. My name is Regina, and I will be your conference operat ...

Employee and Workforce - The average employee count in 2022 was approximately 97,000 associates, including 36,000 full-time and 61,000 part-time associates[23]. - The company maintains positive relations with associates, with no representation by a collective bargaining unit[23]. - The company is dependent on attracting and retaining quality associates, especially during the holiday season, amid intense competition[80]. - The company has a dedicated team for health, safety, and wellness initiatives to ensure a safe working environment[24]. - The company is focused on its Diversity, Equity, and Inclusion strategy, which includes measurable goals and accountability[25]. Financial Performance - Net sales for 2022 were $17,161 million, a decrease of 7.1% from $18,471 million in 2021[222]. - Total revenue for 2022 was $18,098 million, down 6.9% from $19,433 million in 2021[222]. - Operating income for 2022 was $246 million, significantly lower than $1,680 million in 2021[222]. - Net loss for 2022 was $(19) million, compared to a net income of $938 million in 2021[222]. - Basic and diluted net loss per share for 2022 was $(0.15), a decline from $6.41 and $6.32 per share in 2021 respectively[222]. - Net cash provided by operating activities in 2022 was $282 million, a significant decrease from $2,271 million in 2021[227]. - Total shareholders' equity at the end of 2022 was $3,763 million, down from $4,661 million in 2021[225]. Inventory and Merchandise - As of January 28, 2023, the company's merchandise inventories balance was $3.2 billion, an increase from $3.1 billion on January 29, 2022[210]. - Approximately 20% of the merchandise sold is sourced through a third-party purchasing agent, with the remainder from various domestic and international vendors[61]. - The company faces challenges in sourcing merchandise timely and cost-effectively, particularly for goods sourced outside the United States[61]. Debt and Financing - The company upsized its unsecured credit facility to a $1.5 billion senior secured, asset-based revolving credit facility in January 2023[82]. - During 2022, the company's credit ratings were reduced below investment grade, leading to increased interest rates on long-term debt[83]. - Long-term unsecured senior debt amounted to $1,637 million as of January 28, 2023, with an effective interest rate of 4.89%[266]. - The company was in compliance with all covenants of its various debt agreements as of January 28, 2023[269]. Legal and Regulatory - The company is actively monitoring legal and regulatory environments that may impact operations and financial performance[86]. - The company intends to vigorously defend against a class action lawsuit filed on September 2, 2022, alleging violations of the Securities and Exchange Act[307]. Marketing and Sales - Marketing costs for 2022 totaled $940 million, with net marketing costs amounting to $883 million, representing 4.9% of total revenue[259]. - The company recognized $158 million in net sales from gift cards redeemed during the current year, which were issued in prior years[254]. - The retail business is subject to seasonal influences, with sales and income typically higher during back-to-school and holiday seasons[38]. - Seasonal influences significantly impact the company's sales, with a major portion of sales occurring during the second half of the fiscal year[73]. Shareholder Returns - Dividends paid per common share increased to $2.00 in 2022 from $1.00 in 2021[225]. - The company repurchased a total of 17.9 million shares of common stock at an average purchase price of approximately $28 per share as part of a $3.0 billion share repurchase program[249][250]. Tax and Deferred Tax - Gross unrecognized tax benefits amounted to $219 million as of January 28, 2023[214]. - The effective tax rate for 2022 was 68.1%, significantly higher than 23.1% in 2021 due to favorable results from uncertain tax positions[288]. - The net deferred tax liability decreased to $83 million in 2023 from $167 million in 2022, a reduction of 50%[286]. - The company had net unrecognized tax benefits of $202 million as of January 28, 2023, down from $256 million as of January 29, 2022[291]. Leadership Changes - The company appointed Thomas Kingsbury as Chief Executive Officer effective February 2, 2023[309].

Kohl’s Corporation (NYSE:KSS) Q4 2022 Results Conference Call March 1, 2023 9:00 AM ET Company Participants Mark Rupe - SVP, IR Tom Kingsbury - CEO Jill Timm - CFO Conference Call Participants Bob Drbul - Guggenheim Securities Gaby Carbone - Deutsche Bank Mark Altschwager - Baird Matthew Boss - JP Morgan Dana Telsey - Telsey Advisory Group Oliver Chen - TD Cowen Tracy Kogan - Citi Operator Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome eve ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q For the quarterly period ended October 29, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from ________ to _________ Commission file number 1-11084 KOHL'S CORPORATION (Exact name of registrant as specified in its charter) Wisconsin 39-1630919 (State or other jur ...

KOHLS Q3 2022 Results Presentation November 17, 2022 + SEPHORA 8 ri r O assages as Cautionary Statement Regarding Forward-Looking Information This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believes," "anticipates," "plans," "may," "intends," "will," "should," "expects," and similar expressions are intended to identify forward-looking statements. Forward-looking statements include, but are not limited to, comm ...

Kohl’s Corporation (NYSE:KSS) Q3 2022 Results Conference Call November 17, 2022 9:00 AM ET Company Participants Mark Rupe - SVP, IR Peter Boneparth - Independent Chair of the Board Jill Timm - CFO Conference Call Participants Mark Altschwager - Baird Bob Drbul - Guggenheim Gaby Carbone - Deutsche Bank Oliver Chen - Cowen Omar Saad - Evercore Partners Blake Anderson - Jefferies Chuck Grom - Gordon Haskett Operator Good morning. My name is Dennis, and I will be your conference operator today. At this time, I ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from ________ to _________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 30, 2022 (Exact name of registrant as specified in its charter) Wisconsin 39-1630919 (State or other jurisdiction of incorporation or organization) (I.R.S. E ...

KOHLS Q2 2022 Results Presentation August 18, 2022 SEPHORA STREE 0 0 TOMMY HILPIGER NO PARKING FIRE 7 Cautionary Statement Regarding Forward-Looking Information This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believes," "anticipates," "plans," "may," "intends," "will," "should," "expects," and similar expressions are intended to identify forward-looking statements. Forward-looking statements include, but are n ...

Kohl's Corporation (NYSE:KSS) Q2 2022 Results Conference Call August 18, 2022 9:00 AM ET Company Participants Mark Rupe - Vice President, Investor Relations Michelle Gass - Chief Executive Officer Jill Timm - Chief Financial Officer Conference Call Participants Mark Altschwager - Baird Bob Drbul - Guggenheim Gaby Carbone - Deutsche Bank Oliver Chen - Cowen & Company Chuck Grom - Gordon Haskett Blake Anderson - Jefferies Tracy Kogan - Citigroup Omar Saad - Evercore Partners Priya Ohri-Gupta - Barclays Operat ...