Kohl's Posts Best Comparable Sales Growth in 4 Years as CEO Returns to Core Strategy

According to CNBC, Kohl's posted its best comparable sales growth in four years in May following CEO Michael Bender's strategy to return to the retailer's core value proposition of proprietary brands, discounts, and reliable product availability. The company reported Q1 2026 revenue of $3 billion, exceeding Wall Street estimates, and projected full-year net sales and comparable sales in the range of down 2% to flat.

Bender, who took over in late 2025, has focused on restoring what made Kohl's successful—assurance that customers will find the products they need at the right prices. The turnaround strategy comes after Kohl's stock lost nearly 70% of its value over the past five years but has climbed more than 130% in the past year. Analysts at Gordon Haskett and Jefferies said the retailer's return to its core identity aligns with a sensible strategy, though TD Cowen noted Kohl's remains a "show-me" story with continued pressure on apparel and footwear businesses.