Kohl's sales decline slows, revolver paid off, but $140M tariff refund remains uncertain

Filed June 4, 2026 · Period ending May 2, 2026 · Compared to 10-Q Jun 6, 2025 · ~2 min read

Key Changes

• high

  Net sales decline improved to 1.7% (comp -1.1%) from 4.1% (comp -3.9%) prior year, while digital sales reversed to +4% growth from -7.7%, reaching 26% penetration. Stabilizing top line suggests demand recovery.

  MD&A: Sales Performance verify on EDGAR →
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  Company paid down entire $545M revolver balance and repurchased $50M of debt, boosting working capital to $1.2B from $300M and current ratio to 1.48 from 1.09. Moody's outlook upgraded to positive from negative.

  MD&A: Liquidity & Balance Sheet verify on EDGAR →
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  Kohl's paid ~$190M in tariffs over past year and filed claims for ~$140M in refunds after Supreme Court struck down IEEPA tariffs in Feb 2026. Timing and amount uncertain; new Section 122 tariffs under legal challenge.

  MD&A: Tariff Refund Claims verify on EDGAR →