Kohl's Falls 6% Despite Raised Guidance and $150M Tariff Refund

Earnings

โดย 24/7 Wall St.·

Summary · why it matters

Kohl's shares fell 6% to $16.65 in early Wednesday trading despite reporting adjusted diluted EPS of $1.28, well above the $0.57 consensus, on revenue of $3.52 billion, as investors focused on the $150 million tariff refund that drove the beat and a 0.9% decline in comparable sales. The company raised its full-year 2026 guidance, now expecting net sales and comparable sales down 1.5% to flat, adjusted operating margin of 3.5% to 4%, and adjusted diluted EPS of $1.80 to $2.40, while restarting share repurchases of up to $100 million under an existing $3 billion authorization and declaring a $0.125 quarterly dividend. In contrast, peers Ross Stores and TJX Companies posted organic comparable sales growth of 10% and 4%, respectively, with Ross also benefiting from $253 million in tariff refunds but still expanding operating margin by 205 basis points excluding that benefit, and TJX raising its full-year adjusted EPS guidance to $5.15 to $5.20. Kohl's cash and equivalents climbed to $821 million from $174 million a year earlier, but the stock's decline suggests investors are skeptical of the demand picture without one-time tailwinds.