Kohl's Corporation reported a net loss of $15 million, or $0.13 per diluted share, for the first quarter ended May 3, 2025, which was ahead of expectations. This compares to a net loss of $27 million, or $0.24 per diluted share, in the prior-year quarter.
Net sales for Q1 2025 decreased by 4.1% to $3.049 billion, with comparable sales declining by 3.9%. Despite the sales pressure, the company achieved an operating income of $60 million, an improvement from $43 million in Q1 2024, and gross margin expanded by 37 basis points to 39.9%.
Interim CEO Michael Bender stated that the company's performance was ahead of expectations and that strategic actions are showing early positive impacts. Kohl's maintained its full-year 2025 guidance, expecting net sales to decrease by 5% to 7% and diluted earnings per share between $0.10 and $0.60.
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