Every material Form 8-K Kohl's filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Kohl's reported third-quarter fiscal 2025 results, with net sales down 2.8% to $3.4 billion and diluted EPS of $0.07 versus $0.20 a year earlier. The company raised its full-year 2025 outlook, though it still expects net sales to fall 3.5% to 4%, and named Michael Bender permanent CEO. Shareholders face a mixed picture: weaker sales and profit in the quarter alongside a higher full-year outlook.
Q3 net sales fell 2.8% to $3.4 billion; comparable sales fell 1.7%
Q3 diluted EPS was $0.07 versus $0.20 a year earlier; adjusted diluted EPS was $0.10 versus $0.20
Full-year 2025 adjusted diluted EPS guidance is $1.25 to $1.45; net sales guidance is a decrease of 3.5% to 4%
Nine-month net income of $147 million included a $129 million gain on a credit card interchange fee lawsuit settlement
Kohl's Board appointed Michael J. Bender as Chief Executive Officer on November 23, 2025, effective that day, after he had served as interim CEO since May 1, 2025. The filing sets out his pay, including a $1,475,000 base salary and a long-term incentive target of no less than $9,500,000, which shareholders can review in the exhibits.
Appointment effective November 23, 2025; Bender had served as interim CEO since May 1, 2025
Annualized base salary of $1,475,000 with Annual Incentive Plan target of 175% of base salary
Annual long-term incentive target of no less than $9,500,000, with equity awards beginning spring 2026
Bender remains on the Board and its Finance Committee; Q3 earnings are due November 25, 2025
Kohl's reported second-quarter fiscal 2025 net sales down 5.1% to $3.3 billion, with comparable sales down 4.2%. GAAP diluted EPS was $1.35, helped by a $129 million gain on a credit card interchange fee lawsuit settlement, while adjusted diluted EPS was $0.56 versus $0.59 a year earlier. The company raised its full-year 2025 outlook, and its board reduced the annual cash dividend to $0.50 per share to give the company more balance sheet flexibility.
Net sales fell 5.1% to $3.3 billion; gross margin rose 28 basis points to 39.9%
GAAP diluted EPS of $1.35 versus $0.59 a year earlier; adjusted diluted EPS of $0.56 versus $0.59
Full-year 2025 adjusted diluted EPS guidance of $0.50 to $0.80; net sales expected to decline 5% to 6%
Quarterly dividend of $0.125 per share payable September 24, 2025; presentation says annual dividend reduced to $0.50 per share
Kohl's reported first-quarter fiscal 2025 results for the quarter ended May 3, 2025, with net sales down 4.1% and a net loss of $15 million, compared with $27 million a year earlier. The company affirmed its full-year 2025 outlook, while the presentation says the Board reduced the annual dividend to $0.50 per share and Michael Bender is serving as Interim CEO.
Net sales decreased 4.1% to $3.0 billion; comparable sales fell 3.9%.
Net loss was $15 million, or ($0.13) per diluted share, versus $27 million, or ($0.24) per share, a year earlier.
Full-year 2025 guidance was affirmed, including diluted EPS of $0.10 to $0.60.
Quarterly dividend of $0.125 per share is payable June 25, 2025, to holders of record on June 11, 2025.
Kohl's announced on May 13, 2025 the start of a private offering of about $360 million in senior secured notes due 2030, subject to market and other conditions. The notes are expected to be secured by 11 distribution centers and e-commerce fulfillment facilities held in a newly formed holding company, and proceeds would repay revolving credit borrowings, with the company expecting to borrow under that facility to repay its 4.25% notes due 2025 at maturity. For shareholders, the filing shows a shift of debt financing toward secured borrowing backed by company facilities, and the company states there is no assurance the offering will be completed.
Private offering of approximately $360 million aggregate principal amount of senior secured notes due 2030, announced May 13, 2025
Notes expected to be secured by 11 distribution centers and e-commerce fulfillment facilities in a newly formed holding company
Net proceeds to repay revolving credit borrowings; company expects to borrow under the revolver to repay 4.25% notes due 2025 at maturity
On May 9, 2025, Kohl's and Wells Fargo Bank, National Association, as agent, amended the revolving credit agreement to permit the notes
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Kohl's filing is on SEC EDGAR ↗. 8-K briefs of other companies →