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Kohl's Corporation (NYSE:KSS) reported first quarter 2026 results that showed a smaller-than-expected loss and better-than-anticipated revenue and sales trends, sending its shares up about 17% on Thursday.

For the quarter ended May 2, 2026, Kohl’s posted a diluted loss of $0.13 per share, beating Wall Street expectations for a loss of $0.21 per share.

Revenue totaled $3 billion, slightly ahead of estimates of $2.99 billion.

Net sales declined 1.7% year-over-year, while comparable sales fell 1.1%, a smaller drop than the 1.7% decline analysts had forecast.

Kohl’s CEO Michael Bender said the company’s “key initiatives continue to drive progressive improvements to the business,” highlighting the retailer’s “best comparable sales performance in over four years.”

He also pointed to disciplined cost management, lower inventories, and an improved balance sheet.

“We remain committed to delivering more value and a better experience to our customers,” Bender said.

Kohl’s reiterated its full-year fiscal 2026 guidance. The company continues to expect net and comparable sales to range from a 2% decline to flat, with adjusted operating margin projected between 2.8% and 3.4%.

Adjusted diluted earnings per share are expected in the range of $1 to $1.60, while capital expenditures are forecast between $350 million and $400 million.

The company also declared a quarterly cash dividend of $0.125 per share, payable June 24, 2026, to shareholders of record as of June 10, 2026.