KSS Earnings: Q3 2025 — Revenue & EPS Beat, Operating Profit Soars

Kohl's Corporation (KSS) — Q3 2025 earnings

Quarterly highlights and comparisons to consensus estimates.

Reported total revenue of $3.4 billion, down 8.2% year-over-year.

Gross profit of $3.4 billion, up 116.6% year-over-year.

Operating profit jumped to $2.0 billion, a year-over-year increase of about 1,908.2%.

Net income attributable to common shareholders was $8.0 million, down 63.6% year-over-year.

Diluted earnings per share were $0.07, a decline of 65.0% versus the prior year.

Cash from operating activities totaled $124 million, a decrease of 163.6% year-over-year.

Purchases of property, plant and equipment totaled $108 million in the quarter (capex).

Cash and cash equivalents on the balance sheet stood at $144 million, down 17.2% year-over-year.

Cost of sales amounted to $2.0 billion, down 5.9% year-over-year.

Total liabilities were $10.2 billion, a decline of 9.2% year-over-year.

Against expectations, Kohl's beat both the revenue and EPS consensus: the company reported revenue above the estimate of $3.4 billion (consensus $3.36 billion) and delivered EPS of $0.07 versus a negative consensus of about -$0.20.

Bottom line: while revenue contracted year-over-year, operating profitability improved sharply, but net income and EPS declined materially, suggesting the quarter included significant non-operating impacts or one-time items that weighed on the bottom line despite strong operating results for Kohl's (KSS).

Kohl's Corporation Insider Trading Activity

Kohl's Corporation insiders have traded $KSS stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $KSS stock by insiders over the last 6 months:

CHRISTIE RAYMOND (Sr. EVP & Chief Marketing Off.) has made 0 purchases and 2 sales selling 26,500 shares for an estimated $518,450.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Kohl's Corporation Hedge Fund Activity

We have seen 159 institutional investors add shares of Kohl's Corporation stock to their portfolio, and 224 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ALYESKA INVESTMENT GROUP, L.P. removed 2,751,450 shares (-86.5%) from their portfolio in Q3 2025, for an estimated $42,289,786
SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 2,651,999 shares (-86.8%) from their portfolio in Q3 2025, for an estimated $40,761,224
UBS GROUP AG removed 2,475,523 shares (-54.9%) from their portfolio in Q3 2025, for an estimated $38,048,788
JPMORGAN CHASE & CO added 1,948,783 shares (+3123.1%) to their portfolio in Q3 2025, for an estimated $29,952,794
MORGAN STANLEY added 1,938,855 shares (+55.3%) to their portfolio in Q3 2025, for an estimated $29,800,201
TWO SIGMA INVESTMENTS, LP removed 1,715,446 shares (-76.8%) from their portfolio in Q3 2025, for an estimated $26,366,405
GOLDMAN SACHS GROUP INC added 1,661,405 shares (+58.5%) to their portfolio in Q3 2025, for an estimated $25,535,794

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Kohl's Corporation Analyst Ratings

Wall Street analysts have issued reports on $KSS in the last several months. We have seen 0 firms issue buy ratings on the stock, and 5 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Underweight" rating on 09/18/2025
JP Morgan issued a "Underweight" rating on 08/28/2025
UBS issued a "Sell" rating on 08/28/2025
Barclays issued a "Underweight" rating on 08/28/2025
Goldman Sachs issued a "Sell" rating on 08/28/2025

To track analyst ratings and price targets for Kohl's Corporation, check out Quiver Quantitative's $KSS forecast page.

Kohl's Corporation Price Targets

Multiple analysts have issued price targets for $KSS recently. We have seen 9 analysts offer price targets for $KSS in the last 6 months, with a median target of $11.0.

Here are some recent targets:

Dana Telsey from Telsey Advisory Group set a target price of $16.0 on 11/18/2025
Paul Lejuez from Citigroup set a target price of $19.0 on 09/19/2025
Kimberly Greenberger from Morgan Stanley set a target price of $9.0 on 09/18/2025
Paul Kearney from Barclays set a target price of $8.0 on 08/28/2025
Mark Altschwager from Baird set a target price of $15.0 on 08/28/2025
Brooke Roach from Goldman Sachs set a target price of $11.0 on 08/28/2025
Matthew Boss from JP Morgan set a target price of $11.0 on 08/28/2025