Kohl's Corporation KSS

Consumer DiscretionaryDiversified RetailUnited States of America

Last close 24.15 USD on Nov 2, 2026, +21.4% year to date

Quant rating

Quant rating A Rank 10 of 344 in Consumer Discretionary

Growth C 198 of 344
Valuation A 33 of 344
Quality C 180 of 344
Revisions A 24 of 344
Momentum A 17 of 344

Wall Street consensus Hold (3.14)Average target 19.23 USD −20.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 2.7B
Enterprise value: 5.6B
52-week range: 11.40 – 25.22
3-year range: 6.13 – 29.36
Dividend yield: 2.06%
Beta (5 years): 1.33
Shares outstanding: 113M
Next earnings: Nov 24, 2026

About the company

Kohl's Corporation is an omnichannel retailer. The Company operates approximately 1,100 stores and a Website www.Kohls.com. The Company’s Kohl's stores and Website sell private and national brand apparel, footwear, accessories, beauty, and home products. The Company’s Kohl's stores generally carry a consistent merchandise assortment with some differences attributable to local preferences, store size, and Sephora at Kohl's shop-in-shops (Sephora shops). Its Website includes merchandise, which is available in the Company’s stores, as well as merchandise that is available only online. Its merchandise mix includes both national brands and private brands that are available only at Kohl's. Its private portfolio includes established brands such as Apt. 9, Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, and nationally recognized brands such as LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

Growth and profitability fiscal year ends January 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	15,527	16,221	17,476	18,098	19,433	–
Revenue growth	−4.3%	−7.2%	−3.4%	−6.9%	21.8%	−0.5%
EPS (basic, normalized)	1.62	1.50	2.85	−0.15	7.33	–
EPS growth	8.0%	−47.4%	–	–	–	–
Gross margin	40.6%	40.4%	39.9%	36.7%	41.1%	39.8%
Net margin	1.8%	0.7%	1.8%	−0.1%	4.8%	1.8%
ROE	6.9%	2.8%	8.3%	−0.5%	19.0%	7.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	821
Current ratio	1.49x
Long-term debt (mil)	3,620
Net debt (mil)	2,891
Total equity (mil)	4,168
Net debt / equity	0.69x
Net debt / EBITDA	2.39x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	15,527	−4.3%	0.4x	1,210	−2.1%	4.7x	1.62	+8.0%	14.9x
2027	14,844	−4.4%	0.4x	1,264	+4.5%	4.5x	2.14	+32.1%	11.3x
2028	14,858	+0.1%	0.4x	1,161	−8.1%	4.8x	1.56	−27.0%	15.5x
2029	14,766	−0.6%	0.4x	1,159	−0.2%	4.9x	1.58	+1.3%	15.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	14,844	+0.7%	−0.3%	+0.6%	2.14	+1.1%	+50.4%	+57.8%
2028	14,858	+0.7%	+0.2%	+0.5%	1.56	0.0%	+5.5%	+7.3%
2029	14,766	0.0%	−0.2%	−0.8%	1.58	−4.5%	+5.2%	+6.0%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	3,178	3,525	3,507	5,175	3,049	3,347	3,407	4,972	2,998	3,318
Sales mean (mil)	3,335	3,583	3,638	5,145	3,021	3,318	3,323	5,032	2,991	3,345
Surprise	−4.7%	−1.6%	−3.6%	+0.6%	+0.9%	+0.9%	+2.5%	−1.2%	+0.3%	−0.8%
EPS reported	−0.24	0.59	0.20	0.95	−0.13	0.56	0.10	1.07	−0.13	0.31
EPS mean	0.04	0.45	0.28	0.73	−0.26	0.29	−0.20	0.85	−0.19	0.57
Surprise	−687.9%	+32.4%	−28.4%	+29.8%	+50.9%	+91.6%	−150.9%	+25.2%	+31.6%	−46.0%

Peer comparison Diversified Retail

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
KSS Kohl's Corporation	2.7B	2.39x	1.8%	0.65x	11.3x	15.5x	4.5x	4.8x
COST Costco Wholesale Corp	461.1B	−1.05x	3.0%	12.88x	45.6x	41.6x	27.7x	25.4x
TJX The TJX Companies, Inc.	155.1B	−0.38x	9.1%	14.58x	26.9x	24.6x	16.9x	15.5x
TGT Target Corp	72.0B	1.26x	3.5%	4.03x	15.1x	16.6x	8.4x	8.9x
DLTR Dollar Tree Inc	26.0B	0.81x	6.3%	7.59x	17.5x	17.6x	10.0x	10.0x
BJ BJ's Wholesale Club Holdings, Inc.	14.0B	0.52x	2.7%	6.37x	23.5x	22.0x	11.8x	11.2x
Mean		0.59x	4.4%	7.68x	23.3x	23.0x	13.2x	12.6x
Median		0.66x	3.3%	6.98x	20.5x	19.8x	10.9x	10.6x

Technical analysis

1M+28.4%
3M+27.1%
1Y+53.0%
3Y+23.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Kohl's Corporation, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	15,527	16,221	17,476	18,098	19,433	15,955
Cost of revenue	9,228	9,661	10,498	11,457	11,437	10,173
Gross profit	6,299	6,560	6,978	6,641	7,996	5,782
Selling, general & administrative expenses	5,089	5,308	5,512	5,587	5,478	4,893
Research & development	–	–	–	–	–	–
Depreciation/amortization	700	743	749	808	838	874
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−114	76.0	0	0	201	277
Other operating expenses	0	0	0	0	0	0
Operating income	624	433	717	246	1,479	−262
Net interest income (expense)	−288	−319	−344	−304	−260	−284
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	336	114	373	−58.0	1,219	−546
Provision for taxes	64.0	5.0	56.0	−39.0	281	−383
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	272	109	317	−19.0	938	−163
Extraordinary items	–	–	–	–	–	–
Net income	272	109	317	−19.0	938	−163
EBIT, normalized	510	509	717	246	1,680	15.0
EBITDA, normalized	1,210	1,252	1,466	1,054	2,518	889
Basic EPS, normalized	1.62	1.50	2.85	−0.15	7.33	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Kohl's Corporation, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	674	134	183	153	1,587	2,271
Receivables	125	159	167	210	190	789
Total inventory	2,745	2,945	2,880	3,189	3,067	2,590
Prepaid expenses	136	139	166	170	164	172
Other current assets	11.0	11.0	14.0	14.0	15.0	13.0
Total current assets	3,691	3,388	3,410	3,736	5,023	5,835
Property, plant & equipment	9,252	9,691	10,219	10,230	9,552	9,087
Goodwill	–	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	–	–	–	–	–	–
Note receivable	258	283	200	195	300	232
Other long-term assets	161	197	180	184	179	183
Total assets	13,362	13,559	14,009	14,345	15,054	15,337
Liabilities
Accounts payable	1,171	1,042	1,134	1,330	1,683	1,476
Payable/accrued	–	–	–	–	–	–
Accrued expenses	916	899	936	963	1,026	1,092
Short-term debt	0	290	92.0	85.0	0	0
Current portion of long-term debt	85.0	434	83.0	369	118	115
Other current liabilities	359	466	367	368	459	339
Total current liabilities	2,531	3,131	2,612	3,115	3,286	3,022
Long-term debt	3,801	3,630	4,318	4,423	4,043	3,838
Minority interest	–	–	–	–	–	–
Other liabilities	2,982	2,996	3,186	3,044	3,064	3,281
Total liabilities	9,314	9,757	10,116	10,582	10,393	10,141
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1.0	1.0	2.0	4.0	4.0	4.0
Additional paid-in capital	3,595	3,560	3,528	3,479	3,375	3,319
Retained earnings (accumulated deficit)	1,223	1,008	2,934	13,995	14,257	13,468
Treasury stock	−771	−767	−2,571	−13,715	−12,975	−11,595
Other equity	0	0	0	0	0	0
Total equity	4,048	3,802	3,893	3,763	4,661	5,196
Total liabilities & shareholders' equity	13,362	13,559	14,009	14,345	15,054	15,337

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Kohl's Corporation, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	272	109	317	−19.0	938	−163
Depreciation, depletion & amortization	700	743	749	808	838	874
Deferred taxes	69.0	−85.0	−8.0	−84.0	−92.0	18.0
Non-cash items	114	156	140	166	400	335
Changes in working capital	225	−275	−30.0	−589	187	274
Cash from operations	1,380	648	1,168	282	2,271	1,338
Investing activities
Capital expenditures	−372	−466	−577	−826	−605	−334
Other investing cash flows	39.0	−1.0	15.0	43.0	35.0	197
Cash from investing	−333	−467	−562	−783	−570	−137
Financing activities
Financing cash flow items	−16.0	−10.0	−16.0	−27.0	−38.0	−41.0
Cash dividends paid	−56.0	−222	−220	−239	−147	−108
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−435	2.0	−340	−667	−2,200	496
Cash from financing	−507	−230	−576	−933	−2,385	347
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	540	−49.0	30.0	−1,434	−684	1,548
Free cash flow	1,008	182	591	−544	1,666	1,004

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.