KSS KOHLS Corp
FY2025 10-K
KOHLS Corp (KSS) filed its fiscal year 2025 10-K annual report with the SEC on Mar 20, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business model: Operates 1,175 Kohl’s stores plus e-commerce platform selling moderately-priced private and national brand apparel, footwear, beauty, and home products
- • Strategic emphasis on inclusive culture with 8 Business Resource Groups covering 10,000+ members to foster innovation and belonging
Management Discussion & Analysis
- • Revenue $15.4B in 2024, down 7.2% YoY ($1.2B decrease); Accessories grew 8.8% to $3.06B, driven by Sephora sales +25% ($1.8B total)
- • Gross margin 37.2% in 2024 vs 36.7% in 2023 (+50 bps); SG&A $5.3B down 3.7%, but deleveraged 118 bps as % of revenue
Risk Factors
- • CFPB credit card late fees rule challenged; injunction since May 10, 2024 delays impact on Kohl’s credit card revenue
- • U.S.-only operations exposed to macroeconomic risks affecting moderate-income core customers sensitive to inflation and consumer confidence
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