Reports Q2 revenue $3.35B, consensus $3.37B. Reports Q2 comparable sales down 4.2%. Inventory was $3B, a decrease of 5% year-over-year. Michael Bender, Kohl’s (KSS) Interim CEO, said, “Kohl’s second quarter performance is a testament to the progress we are making against our 2025 initiatives. This resulted in sales performance that came in ahead of our expectations. While it is clear that these initiatives are beginning to resonate with our customers, our team remains focused on delivering progressive improvement throughout the remainder of the year against a challenging economic backdrop.”
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