Here are the 10-K annual reports from Kohls Corporation (KSS) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow KSS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KSS filings page.
Kohl’s Corporation reports that 2025 was a mixed year, with softer sales but stronger profitability and cash generation. Net sales fell 4.0% to $14.8 billion and comparable sales declined 3.1%, as transactions decreased across most categories except Accessories.
Gross margin improved to 37.5% of net sales, helped by tighter inventory, fewer markdowns, and moderating shrink. SG&A expenses fell 4.1% to $5.1 billion, roughly flat as a percentage of revenue. Operating income rose to $624 million from $433 million, aided by a $129 million gain from a credit card interchange fee settlement; adjusted operating income was essentially flat at $510 million.
Net income increased to $272 million, or $2.38 per diluted share, versus $109 million or $0.98 a year earlier. Cash flow from operations more than doubled to $1.4 billion, enabling repayment of $353 million of 4.25% notes due 2025 and open‑market repurchases of $87 million of other debt, partially offset by issuing $360 million of 10.000% senior secured notes due 2030.
Management guides 2026 net sales and comparable sales to range from down 2% to flat, with adjusted operating margin of 2.8–3.4% and adjusted diluted EPS of $1.00–$1.60, alongside planned capital expenditures of $350–$400 million and a quarterly dividend of $0.125 per share.