Kohl’s Corporation raised its fiscal 2026 adjusted earnings forecast to $1.80-$2.40 per share from $1.00-$1.60 after receiving $150 million in tariff refunds during the second quarter, but its $3.32 billion in revenue missed Wall Street estimates of about $3.35 billion. Shares fell about 5% before the bell as cautious middle- and lower-income consumers reduced spending on discretionary items such as apparel and home goods. Adjusted EPS was $1.28, above the $0.57 analyst consensus, while revenue and comparable sales each declined 0.9% year over year. Kohl’s also said it would resume its roughly $100 million share repurchase program this year.