Kohl (KOHL) profits Q2 2025

Cole The stocks rose more than 20 % on Wednesday after retail stores topped the Wall Street profits in the second quarter of the quarter and revenue expectations, even as their sales decreased and looking for the new CEO.

The store in Wisconsin narrowed its sales directions in Wisconsin in Wisconsin to reflect the highest part of its previous domain. She now expects net sales between 5 % and 6 %. I have already expected sales will decrease by 5 % to 7 %.

She also reviewed the stock profits instructions for the whole year. Colls said he expected profits to be in the range of 50 cents to 80 cents per share. It was not clear how compared to the previous view of 10 cents to 60 cents per share, which was not seized.

Here is what the retailer did during the three -month period that ended on August 2 compared to what Wall Street expected, based on a survey of analysts by LSEG:

• The profits per share: expected 56 cents for 29 cents
• Revenue: $ 3.35 billion for $ 3.32 billion expected

The net income in the second quarter of Cole was $ 153 million, or $ 1.35 per share, compared to $ 66 million, or 59 cents per share, in the last period. Net sales fell from $ 3.53 billion in the previous quarter.

Kohl shares and sales – the company’s driving disturbance has fallen into its transformation. The annual revenue decreased three years in a row. Its market value, which was less than 7 billion dollars at the end of 2021, decreased to approximately $ 1.5 billion. The retail seller was three executives in several years.

The company’s leadership changes began in late 2022 when Michelle Gas, CEO of Kohl, left to become president and CEO in the end. Levi Strauss. Khalaf Tom Kingsbury, a member of the Kohl Board and former CEO of Burlington Store, Gass. In November, Kohl Kingsbury said You will step down After two years in the role and His name is Ashley Boucanan, Then, Seo Michaels and veteran in Wall Mart and Sam Club, as his successor.

Less than four months after he started the position of CEO, Colors Bokanan launched after the investigation He found it pressed on deals with a seller Mocked his girlfriend.

His name is Michael Bandar, a member of Kohl’s Board of Directors since 2019, as his temporary executive.

There were signs of possible financial concerns as well. Kohl recently changed the conditions for payment with sellers, a step that retailers usually delay payments for longer periods and maintain cash.

In a statement, Kohl’s changes did not specify the changes, but said that the company “regularly reviews our work to ensure that we are working effectively and as efficiently as possible.” She told some of her sellers about the updated payment conditions in March.

However, temporary CEO Michael Binder said on Wednesday in a press statement that the results of the second quarter of the second quarter are “a testimony to the progress we achieve against our 2025 initiatives.” He said the retail seller lower his store, reduced his expenses and gained a better traction with customers.

The stock was at the end of the quarter of $ 3 billion, by 5 % for the previous year.

The financial manager, Jill Tim, said in the company’s profit call in May, to concentrate sales, Kohl’s was working to expand sections including Peetites and Fine Jewelry, with a focus on carrying more exclusive goods and repairing promotional offers so that their discounts apply to more commercial signs. Sephora stores have also been added to all their stores.

Cole continued to decrease sales in the second quarter. Similar sales decreased by 4.2 % compared to the previous quarter. The industry scale takes one -time factors such as store holes and closure.

– Courtney Reagan of CNBC contributed to this report.