finance
Kohl's Reports Best Comparable Sales Growth in Four Years
Kohl's posted its strongest comparable sales result in four years for the quarter ended May 2, while revenue fell 1.7 percent. The retailer beat analyst forecasts on earnings and revenue and reaffirmed its full-year guidance.
May 28, 7:38 AM·1m read1 source
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Kohl's reported a net loss of $14 million, or 13 cents per share, for its fiscal first quarter ended May 2. 05 billion a year earlier. 8 percent drop recorded in the prior quarter. The result marked the company's best comparable sales performance in four years.
The company posted a smaller loss than analysts had projected and slightly exceeded revenue estimates. 60. CEO Michael Bender said the retailer was pleased with its start to 2026 and cited progress on key initiatives, expense management, inventory levels, and the balance sheet. Kohl's shares rose more than 8 percent in premarket trading after the results were released.
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