Earnings Feed

KSS

Consumer

Adjusted earnings per diluted share were $0.56, excluding a one-time $0.87 EPS gain from a credit card interchange fee lawsuit settlement.
Comparable sales declined 4.2% in Q2 2025 but were ahead of expectations, with July comps flat to last year.
Gross margin expanded by approximately 30 basis points to 39.9%, driven by category mix and proprietary brand outperformance.
Interest expense decreased $8 million year-over-year to $78 million in Q2, reflecting lower lease interest from store closures.
Inventory was reduced by 5% compared to last year, with receipts managed down mid-teens, supporting strong inventory management.
Net sales declined 5.1% in Q2 and 4.6% year-to-date, driven primarily by fewer store transactions.
Operating cash flow was $506 million year-to-date, with adjusted free cash flow of $270 million, enabling significant debt reduction.
SG&A expenses decreased 4.1% to $1.2 billion, benefiting from lower store and marketing spend and credit expense shifts.

CPB

Consumer

Adjusted EBIT decreased 2% in Q4 with margin down 50 basis points, including a 30 basis point tariff impact.
Adjusted EBIT increased 2% for full year; adjusted EPS decreased 4% due to higher interest expense.
Full-year net sales grew 6%, driven by Sovos Brands acquisition; organic net sales declined 1%.
Meals and Beverages segment showed flat net sales in Q4, organic net sales down 3%, operating earnings down 5%.
Net debt to adjusted EBITDA leverage ratio improved slightly to 3.6x from 3.7x in prior year.
Operating cash flow was $1.13 billion for fiscal 2025; capital expenditures were $426 million, down 18% year-over-year.
Q4 net sales increased 1% reported, organic net sales declined 3% excluding additional week and divestitures.
Snacks segment net sales increased 2% reported, organic net sales down 2%, operating margin decreased 30 basis points.

TJX

Consumer

Diluted earnings per share grew 15% to $1.10, well above expectations.
Gross margin improved 30 basis points primarily due to favorable hedges, while merchandise margin remained flat despite higher tariffs.
Inventory increased 14% on balance sheet and 10% per store, reflecting buying into quality branded merchandise opportunities.
Net interest income negatively impacted pre-tax profit margin by 10 basis points compared to last year.
Pre-tax profit margin rose 50 basis points year-over-year to 11.4%, 90 basis points above the high end of plan.
Second quarter comp sales increased 4%, exceeding expectations and driven by higher customer transactions across all divisions.
SG&A expenses decreased 30 basis points due to operational efficiencies and timing of expenses.
Strong segment profit margin growth in key divisions: Marmaxx at 14.2%, HomeGoods at 10% growth with 90 basis points margin increase, TJX Canada comp sales up 9% with 100 basis points margin growth.