Q4 26 EPS
$1.07
BEAT +26.66%
Est. $0.84
Q4 26 Revenue
$5.17B
BEAT +1.99%
Est. $5.07B
vs S&P Since Q4 26
-9.0%
TRAILING MARKET
KSS +2.0% vs S&P +11.0%
Full Year 2026 Results
FY 26 EPS
$2.38
BEAT +10.19%
Est. $2.16
FY 26 Revenue
$15.53B
BEAT +2.97%
Est. $15.08B
Market Reaction
Did KSS Beat Earnings? Q4 2026 Results
Kohl's closed out fiscal Q4 2026 with a stronger-than-expected earnings beat that nonetheless left investors uneasy about the road ahead. The department store retailer posted adjusted EPS of $1.07, clearing the $0.85 consensus estimate by 25.70%, whi… Read more Kohl's closed out fiscal Q4 2026 with a stronger-than-expected earnings beat that nonetheless left investors uneasy about the road ahead. The department store retailer posted adjusted EPS of $1.07, clearing the $0.85 consensus estimate by 25.70%, while revenue of $5.17 billion topped forecasts by 9.49%, though it still represented a 4.2% decline year-over-year as the company continued to lose ground during critical holiday shopping windows. The profit outperformance was driven largely by disciplined expense management, with SG&A expenses trimmed 4.9% and gross margin expanding 25 basis points to 33.1% on tighter inventory control and fewer clearance markdowns. Still, comparable sales slipped 2.8%, and CEO Michael Bender acknowledged the top line came in softer than internal expectations. For a retailer navigating real uncertainty, the fiscal 2026 outlook of flat to down 2% in net sales, paired with adjusted EPS guidance of $1.00 to $1.60, did little to reassure the market, with shares falling roughly 10% following the release.
Key Takeaways
- • Strong inventory management leading to reduced clearance markdowns
- • SG&A expense declined 4.9% through tighter spending in stores, marketing, and fulfillment
- • Gross margin expanded 25 basis points year-over-year to 33.1%
- • Inventory decreased 7% year-over-year
- • Digital penetration increased 220 basis points in Q4
- • Credit expense shifted from SG&A to Other Revenue
KSS YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
“We are ending 2025 in a stronger position than we started, with important work still ahead of us. Over the past year, our efforts have been focused on resetting our foundation. This focus is intended to stabilize the business and strengthen our operational ability to build for a stronger future. In 2025, we made meaningful progress, despite our Q4 topline coming in softer than our expectations. We were able to manage the business with discipline, deliver improved earnings, and generate meaningful cash flow, all of which helped us strengthen our balance sheet.”
— Michael J. Bender, Q4 2026 Earnings Press Release
KSS Earnings Trends
KSS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
KSS EPS Trend
Earnings per share: estimate vs actual
KSS Revenue Trend
Quarterly revenue: estimate vs actual
KSS Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $-0.19 | $-0.13 | +31.54% | $3.17B | +4.61% |
| Q4 26 BEAT FY | $0.84 | $1.07 | +26.66% | $5.17B | +1.99% |
| FY Full Year | $2.16 | $2.38 | +10.19% | $15.53B | +2.97% |
| Q3 26 BEAT | $-0.18 | $0.10 | +155.77% | $3.58B | +6.14% |
| Q2 26 BEAT | $0.30 | $0.56 | +87.98% | $3.55B | +5.27% |
| Q1 26 BEAT | $-0.22 | $-0.13 | +41.12% | $3.05B | -0.42% |