Wedoany.com Report-Nov. 27, Kohl's Corporation has updated its full-year fiscal 2025 guidance, now expecting net sales to decline between 3.5% and 4%, an improvement from the previous forecast of a 5% to 6% drop. Comparable sales are projected to decrease between 2.5% and 3%, better than the earlier outlook of 4% to 5%.

Kohl's net sales decreased 2.8% year-on-year in Q3 FY25.

For the third quarter ended November 1, 2025, Kohl's recorded net sales of $3.4 billion, down 2.8% year-on-year, while comparable sales fell 1.7%. Gross margin improved by 51 basis points to 39.6%. Operating income reached $73 million, compared with $98 million in the prior-year quarter. Net income was $8 million, or $0.07 per diluted share, versus $22 million, or $0.20 per share, a year earlier. Selling, general, and administrative expenses declined 2.1% to $1.3 billion.

Over the first nine months of fiscal 2025, net sales totaled $9.8 billion, a 4% decrease from the same period last year, with comparable sales down 3.2%. Operating income rose to $412 million from $307 million, and net income increased to $147 million from $61 million.

On November 24, 2024, Kohl's board appointed Michael J. Bender as permanent Chief Executive Officer, effective immediately. Bender had served as interim CEO since May 2024 and has been a board member since 2019. The company also announced plans to accelerate debt reduction and strengthen its financial position.

Michael J. Bender said: "We are pleased with Kohl's third quarter results, marking a third consecutive quarter of delivering top-line and bottom-line performance ahead of our expectations. These results are a direct reflection of the progress we are making against our 2025 initiatives, reinforcing our confidence as we continue to move in the right direction.

"We are focused on building on this momentum, as we remain committed to delivering quality products, great value, and a frictionless experience to our customers in an uncertain macroeconomic environment."

The improved outlook and sequential performance reflect ongoing progress in inventory management, cost control, and customer-focused initiatives across Kohl’s stores and digital channels. The retailer continues to prioritize financial discipline while enhancing product assortment and shopping convenience for its customers.