Kohl’s Corp. is showing signs that the retail giant is turning things around compared with this time last year.
The Menomonee Falls-based company reported on May 28 it had a net quarterly loss of $14 million which is slightly better than the $15 million loss it had at this point in 2025. Kohl’s said sales were down 1.7% for the quarter.
In a statement, Kohl’s CEO Michael Bender said the company is pleased with the start of 2026.
“Our key initiatives continue to drive progressive improvements to the business, resulting in our best comparable sales performance in over four years. In addition, we continue to manage the business with great discipline leading to strong expense management, cleaner inventories, and an improved balance sheet.”
While it’s not unusual for companies to borrow money to help facilitate its operations, Kohl’s reported its borrowings under a revolving credit line to be $0, which is significantly lower than at this point last year when it borrowed $545 million.
Kohl’s is projecting sales this year to be flat or down 2% for 2026.
The results come after Kohl’s reported a $272 million profit in 2025 despite sales being down 4% for the year.
This is a developing story.
This article originally appeared on Milwaukee Journal Sentinel: Kohl’s shows signs of recovery in latest earnings
Reporting by Ricardo Torres, Milwaukee Journal Sentinel / Milwaukee Journal Sentinel
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