Kohls

Q2 FY2027 EarningsQ2 FY27 beat consensus significantly on the bottom line despite a top-line miss, with revenue of $3.52B vs. $3.40B expected (note: actual total revenue slightly above mean) and EPS (GAAP) of $1.28 vs. $0.58 expected. The variance was primarily driven by a $150M IEEPA tariff refund, with $100M recognized in gross margin, lifting margin to 43.0% vs. 40.0% consensus. Management reinstated share repurchases ($100M for 2026) and maintained its dividend, though comparable sales remains weak at -0.9%.