Kohl’s Profit (KSS) Q2 2025

Kolya On Wednesday, the shares increased by more than 20% after the retail seller led the financial profit in the second quarter and the revenue expectation, even when its sales have fallen and is looking for a new CEO.

The department store based in Wisconsin has narrowed its full sales years to display most of the previous range. It states that now it expects net sales to fall by 5% to 6%. Earlier it was expected that sales would fall by 5% to 7%.

He also revised his sunset for a full year for the action. Kohl said he expects a profit from 50 cents to 80 cents per share. It was unclear how this compared to the previous worldview from 10 cents to 60 cents per action, which was not adjusted.

Here’s how the sellers did in the three-month period, which ended on August 2 compared to what Wall Street was waiting on the basis of a LSEG analyst poll:

• Profit per share: 56 cents adjusted against 29 cents expected
• Income: 3.35 billion dollars vs. $ 3.32 billion expected

Net income in the second quarter of Kohl amounted to $ 153 million, or $ 1.35 per share, compared to $ 66 million, or $ 59 per share during the year. Net sales decreased from $ 3.53 billion in the quarter of the year.

Kohl’s actions and sales decreased – and the management of the company “Sprimol” caused its turn. The annual income decreased by three consecutive years. Its market value, which at the end of 2021 amounted to just under $ 7 billion, decreased to approximately $ 1.5 billion. And there were three leaders in retail for the same number of years.

Changes in management began at the end of 2022, when Kohl CEO Michel Gus left the president and possible CEO Levi Strauss. Tom Kingsbury, Council member and former CEO Burlington Store, changed Gass. In November Kohl told Kingsbury Would reduce two years later in the role and by the name of Ashley Biuken, The then CEO Michaelos and veteran Walmart and Sam Club as his successor.

Less than four months after he started engaged in the CEO, after the investigation fired Buukenon Kohl found that he pushed the deal with the supplier belongs to your girlfriend.

The amount is named Michael Bender, a member of the Council of Kohl since 2019, as a provisional CEO.

There were also signs of potential financial problems. Recently, Kohl has changed the payment conditions with suppliers, and this is a step that usually provides for delayed payments for longer periods and keep cash.

In her statement, Kohl’s did not indicate the changes, but said the company “regularly examines our work to make sure we work as efficiently and efficiently as possible.” It states that in March it was reported that some of its suppliers are about the updated payment conditions.

However, the CEO Michael Bender said on Wednesday in the news release that the results of the financial second quarter submission are “a testament to the progress we make against our 2025 initiatives.” He said the retailer had reduced the inventory, reduced the costs and acquired a better craving with customers.

Inventory at the end of the quarter amounted to $ 3 billion, which is 5% compared to last year.

To turn the sales, Kohl’s expanding the departments, including small jewelry and excellent jewelry, focusing on conducting more exclusive goods and overhaul shares to make its discounts to most of his brands, CEO Jill Tim said on the company’s profits in May. It also added SEPHORA stores to all shops.

In the second quarter, Kol continued to post a decline. Comparative sales decreased by 4.2% compared to the quarter of the year. The industry metric accepts disposable factors such as opening stores and closing.

– Courtney Reagan CNBC contributed to this report.