| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 93 | 10.2x | 17.3x | Top tier | |
Growth | 29 | -2.9% | 7.1% | Bottom tier | |
Quality | 69 | 6.5% | 4.5% | Top tier | |
Safety | 58 | 2.5x | 2.6x | Around median | |
Capital Return | 71 | 2.09% | 0.06% | Top tier | |
Momentum | 91 | 9.3% | -1.6% | Top tier | |
Sentiment | 44 | 10 | 3 | Around median |
The floor: what the company is worth if growth stopped today
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Kohl's Corporation is an omnichannel retailer that generates most of its revenue from the sale of apparel, footwear, beauty, home, children's products, and accessories through stores and digital platforms, alongside other revenue derived primarily from the Kohl's Card credit business. Its fiscal 2026 strategy relies on expanding proprietary brands such as Sonoma, Tek Gear, FLX, and The Big One, re-engaging the Kohl's Card customer, and increasing inventory depth while reducing the number of repetitive choices. In-store pickup accounted for more than 20% of digital orders, while the company added DoorDash in July 2026 and continued expanding Instacart to strengthen its omnichannel model.
In the second quarter of fiscal 2026, revenue was $3.5 billion, gross profit was $1.6 billion, net income was $151 million, and diluted earnings per share were $1.28. This equates to a gross margin of approximately 45.7% and a net margin of approximately 4.3% based on EDGAR figures, while reported gross margin improved by 305 basis points; however, approximately $100 million of the $150 million in tariff refunds reduced the cost of merchandise, and the improvement was only about 5 basis points when excluding this impact.
The sales mix remained uneven in the second quarter of fiscal 2026: comparable sales declined 0.9% and store sales declined 2%, versus growth of 2.8% in the digital business and 88% in Kohl's Marketplace. Home increased 1%, proprietary brands 3%, juniors' apparel 10%, and toys by double digits, while Sephora at Kohl's declined 4% and women's apparel declined 1.5%. On a trailing twelve-month basis in 2026, Kohl's recorded revenue of $15.4 billion, gross profit of $6.4 billion, and net income of $270 million.
The analyst consensus on KSS is Neutral, with an average target of $15.50 and a wide range of $9 to $20, reflecting substantial differences in estimates of the sustainability of the operating improvement. The average target is approximately 38.5% below the 52-week high of $25.22 and approximately 36.2% above the 52-week low of $11.38; the raised fiscal 2026 outlook should be weighed against the fact that approximately $0.65 of projected earnings per share is tied to tariff refunds.
Figures in the text are as of 2026-09-14; the live price is shown at the top of the page.
Adjusted earnings per share were $1.28 versus an estimate of $0.57, and the company recorded net income of $151 million. Kohl's received approximately $150 million in tariff refunds, of which approximately $100 million benefited the cost of merchandise, alongside a 0.9% decline in SG&A expenses. Gross margin therefore improved by 305 basis points, but it would have improved by only about 5 basis points without the impact of the refunds.
Kohl's expects comparable sales to range from a decline of 1.5% to flat compared with fiscal 2025. It expects an adjusted operating margin of 3.5% to 4% and adjusted earnings per share of $1.80 to $2.40, including a benefit of approximately $0.65 from tariff refunds. This outlook does not include any additional tariff refunds that may be realized after August 26, 2026.
Total sales did not return to growth, as comparable sales declined 0.9% and store sales declined 2%, while the digital business increased 2.8%. Specific categories delivered growth, including home at 1%, proprietary brands at 3%, juniors' apparel at 10%, and toys by double digits. Marketplace also grew 88%, and including its gross merchandise value growth would have reduced the comparable sales decline to 0.2%.
Automated analysis for informational purposes only — not investment advice.
Sephora at Kohl's sales declined 4% in the second quarter of fiscal 2026 because of the expanded distribution of several key brands outside Kohl's. New skincare and beauty brands have not yet reached sufficient scale to offset weakness in established brands, despite strength in fragrance and hair care and the launch of M.A.C. The company is attempting to support the category through fragrance towers in 250 stores during November 2026 and seasonal gift installations in 130 stores, but it expects the fiscal year-to-date weakness to persist for some time.
Cash and equivalents totaled $821 million at the end of the second quarter of fiscal 2026, and the company had not drawn on its ABL facility. It repurchased $113 million of debt at a $15 million discount fiscal year to date and allocated annual capital expenditure of $350 million to $400 million to stores, the digital platform, automation, and artificial intelligence. It also announced a plan to repurchase approximately $100 million of shares during 2026 and distributed $14 million in cash to shareholders in the second quarter.
Proprietary-brand sales increased 3% in the second quarter of fiscal 2026 after inventory depth increased 6%, led by names such as Sonoma, Tek Gear, FLX, and The Big One. Proprietary brands represent approximately 70% of the women's apparel purchased by Kohl's Card customers, and sales from this segment increased more than 1% in the quarter. This helped limit the decline in other revenue, which consists primarily of the credit business, to 1% in the quarter compared with a 5% decline fiscal year to date.