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Kohl's (KSS) Q1 FY26 earnings results (first quarter fiscal 2026)

10-Q filed Jun 6, 2025

Kohl's (KSS) reported revenue of $3.2B for the first quarter fiscal 2026 (Q1 FY26), -4% from a year earlier and -40% from the quarter before. Operating margin was 1.9%, net loss $15.0M (0.5% of revenue).

Revenue$3.2B
Year over year-4%
Quarter over quarter-40%
Operating margin1.9%
Net earnings−$15.0M

Kohl's, Q1 FY26: revenue $3.2B (-4% year over year), operating margin 1.9%, net loss $15.0M, operating cash flow −$92.0M. The chart follows the revenue to costs, profit and cash.

Q1 FY26AmountQ/QY/Y
Revenue$3.2B-40%-4%
Operating profit$60.0M-52%—
Net earnings−$15.0M-131%—
Operating cash flow−$92.0M-115%—

What changed

Revenue was $3.2B in Q1 FY26, down 4% year over year and down 40% from the previous quarter. Product was the largest line at 94% of revenue. Product lost $0.13B year over year (down 4%), 87% of the total change.

Operating profit was $0.06B, a 1.9% margin (up 0.6 points year over year). Total costs fell 5% while revenue fell 4%. The quarter ended with a net loss of $0.01B, after a profit of $0.05B the previous quarter. Net interest and other expense of $0.08B was the main reason.

Operating cash flow was −$0.09B. Non-cash charges added back $0.17B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.26B. Capital expenditures of $0.11B exceeded it, leaving free cash flow of −$0.20B.

Questions

What was Kohl's revenue in the first quarter fiscal 2026?

Kohl's (KSS) reported revenue of $3.2B for the first quarter fiscal 2026 (Q1 FY26), -4% from a year earlier and -40% from the quarter before.

Was Kohl's profitable in the first quarter fiscal 2026?

Operating profit was $60.0M (1.9% of revenue) and net loss $15.0M.

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Source: Kohl's 10-Q on SEC EDGAR.