Kohl's Corporation (KSS), an omnichannel retailer, on Thursday reported a narrower first-quarter loss, as lower expenses and a higher income tax benefit helped offset weaker sales. The company's shares were up nearly 10% in pre-market trading.
Net loss narrowed to $14 million compared with $15 million loss a year ago. On a per share basis, loss was unchanged at $0.13.
Operating income fell to $46 million from $60 million last year, while selling, general and administrative expenses declined to $1.145 billion from $1.164 billion.
Income tax benefit increased to $3 million from $1 million a year ago.
Net sales decreased to $2.998 billion from $3.049 billion in the prior-year quarter, and total revenue fell to $3.167 billion from $3.233 billion.
For fiscal 2026, Kohl's continues to expect net sales and comparable sales to range from a decline of 2% to flat, while adjusted earnings per share are projected to be between $1.00 and $1.60.
KSS stock closed at $12.93 on Wednesday, down 2.71%.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.