Kohl's Corporation reported second-quarter fiscal 2025 net sales of $3.347 billion, a 5.0% decrease from $3.525 billion in the prior year, with comparable sales declining by 4.2%. Despite the top-line pressure, the company delivered a net income of $153 million, or $1.35 per diluted share, significantly exceeding the $66 million, or $0.59 per diluted share, reported in Q2 2024.
The company's operating income for the quarter was $279 million, a substantial increase from $166 million in the prior year. Gross margin expanded by 30 basis points to 39.9%, and selling, general, and administrative (SG&A) expenses decreased by 4.1% year-over-year, reflecting disciplined expense management.
Interim CEO Michael Bender noted that the sales performance came in ahead of expectations and that progress is being made against the company's 2025 initiatives. Kohl's maintained its full-year 2025 guidance, projecting net sales to decrease by 5% to 7% and diluted earnings per share between $0.10 and $0.60, indicating confidence in its turnaround strategy.
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