KSSHIGH SIGNALFINANCIAL10-K

Kohl's delivered exceptional financial performance with gross profit surging 334% to $6.9B while dramatically reducing current liabilities and building cash reserves.

This represents a remarkable turnaround for the retailer, suggesting successful execution of operational improvements and potential market share gains. However, the magnitude of these changes warrants scrutiny of the underlying drivers and sustainability of such dramatic improvements.

Comparing 2026-03-19 vs 2025-03-20View on EDGAR →
FINANCIAL ANALYSIS

Kohl's reported extraordinary financial improvements across all key metrics, with gross profit exploding 334% to $6.9B, net income rising 150% to $272M, and operating cash flow doubling to $1.4B. The company simultaneously strengthened its balance sheet by reducing current liabilities 19% while quintupling cash reserves to $674M, though dividend payments were slashed 75%. This comprehensive financial transformation signals either a major operational turnaround or potential one-time benefits that require deeper analysis to assess sustainability.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
+403%
$134.0M$674.0M

Cash position surged 403% — strong cash generation or capital raise providing significant financial cushion.

Gross Profit
P&L
+333.8%
$1.6B$6.9B

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Net Income
P&L
+149.5%
$109.0M$272.0M

Net income grew 149.5% — bottom-line growth signals improving overall business health.

Operating Cash Flow
Cash Flow
+113%
$648.0M$1.4B

Operating cash flow surged 113% — exceptional cash generation, highest quality earnings signal.

Dividends Paid
Cash Flow
-74.8%
$222.0M$56.0M

Dividends cut 74.8% — significant signal of cash flow stress or capital reallocation priorities.

Operating Income
P&L
+44.1%
$433.0M$624.0M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Current Liabilities
Balance Sheet
-19.2%
$3.1B$2.5B

Current liabilities reduced — improved short-term financial position and working capital health.

LANGUAGE CHANGES
NEW — 2026-03-19
PRIOR — 2025-03-20
ADDED
At March 13, 2026, the Registrant had outstanding an aggregate of 112,214,439 shares of its Common Stock.
As of January 31, 2026, we operated 1,153 Kohl's stores and a website (www.Kohls.com).
Our Kohl's stores generally carry a consistent merchandise assortment with some differences attributable to local preferences and store size.
Our proprietary portfolio includes well-known established brands such as Apt.
See Item 2, Properties, for additional information about our distribution and e-commerce fulfillment centers.
+7 more — sign up free →
REMOVED
At March 12, 2025 , the Registrant had outstanding an aggregate of 111,323,544 shares of its Common Stock.
As of February 1, 2025, we operated 1,175 Kohl's stores and a website (www.Kohls.com).
Our 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").
Our private portfolio includes well-known established brands such as Apt.
See Item 2, Properties, for additional information about our distribution and e-fulfillment centers.
+7 more — sign up free →
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