KSS — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-09-03

• For purposes of the following discussion, unless noted, all references to "the quarter” and “the second quarter” are for the three fiscal months (13 weeks) ended August 1, 2026 or August 2, 2025. References to "year to date" and "first half" are for the six fiscal months (26 weeks) ended August 1, 2…

• Net income was $151 million, or $1.28 per diluted share. This compares to net income of $153 million, or $1.35 per diluted share in the prior year. In the prior year, adjusted non-GAAP net income was $64 million, or $0.56 per adjusted diluted share.(a)

• Operating cash flow was $552 million compared to $598 million in the prior year.

• Tariff refunds of approximately $150 million were received in the quarter of which approximately $100 million was recognized within gross margin.

• Non-GAAP financial measures. Please see the “GAAP to Non-GAAP Reconciliation” for a reconciliation of adjusted operating income to operating income, adjusted net income to net income, and adjusted diluted earnings per share to diluted earnings per share.

Text removed vs the prior filing · source: 10-Q · 2026-06-04

• For purposes of the following discussion, unless noted, all references to "the quarter” and “the first quarter” are for the three fiscal months (13 weeks) ended May 2, 2026 or May 3, 2025.

• Net loss was $14 million, or ($0.13) per diluted share. This compares to net loss of $15 million, or ($0.13) per diluted share in the prior year.

• Borrowings under revolving credit facility were $0, a decrease of $545 million year-over-year.

• Kohl's remains committed to driving long-term shareholder value by providing our customers with great product, great value, and a great experience. We have three key initiatives to achieve this: we offer a curated, balanced assortment that fulfills needs across all customers, we are reestablishing K…

• The decrease in the first quarter was driven by a decrease in transaction volume of approximately 4%, offset by an increase in average transaction value of approximately 2%.

Text added vs the prior filing · source: 10-Q · 2026-09-03

• There have been no significant changes in the Risk Factors described in our 2025 Form 10-K, other than as set out in our Quarterly Report on Form 10-Q for the quarter ended May 2, 2026, in Item 1A of Part II and as follows:

• Evolving regulations related to ESG, climate change, and sustainability could increase our costs and impose operational restrictions.

• Increased governmental focus on climate change and other ESG matters has led to complex and conflicting regulatory requirements, such as increasing state-level regulations related to the use of per- and polyfluoroalkyl substances in merchandise, extended producer responsibility legislation related t…

• including energy, resources used to produce our products, and compliance costs; result in sales restrictions in certain jurisdictions or regulatory fines; lead to reputational damage; and result in increased scrutiny that could heighten all of the ESG-related risks to which we are subject. Additiona…

Text removed vs the prior filing · source: 10-Q · 2026-06-04

• There have been no significant changes in the Risk Factors described in our 2025 Form 10-K, except as follows:

Text removed vs the prior filing · source: 10-Q · 2026-06-04

• On March 13, 2026, Jennifer Kent, Senior Executive Vice President, Chief Legal Officer and Corporate Secretary, adopted a Rule 10b5-1 Trading Plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (the “Kent Plan”) relating to the sale of up to 68,822 sh…

• On April 6, 2026, Christie Raymond, Senior Executive Vice President, Chief Marketing Officer, adopted a Rule 10b5-1 Trading Plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (the “Raymond Plan”) relating to the sale of up to 45,000 shares of the Com…