Kohl’s Corporation reported second-quarter adjusted earnings per share of $1.28, exceeding the $0.57 analyst consensus, while revenue declined 0.9% year over year to $3.32 billion and missed the $3.4 billion estimate. Comparable sales also fell 0.9%. Gross margin expanded 305 basis points to 43.0%, helped by approximately $100 million in tariff refunds recognized through gross margin. The retailer raised its full-year 2026 adjusted EPS guidance to $1.80-$2.40, with a $2.10 midpoint well above the $1.43 consensus, and restarted share repurchases with up to $100 million planned for 2026. It expects full-year net sales and comparable sales to range from a 1.5% decline to flat. Shares, which initially rose, were down more than 8% premarket on Wednesday.