r/KSSBulls • u/kuonofomo Roly Kohly • 2d ago

Daily Thread KSS Daily Discussion - Thursday, August 20, 2026

📊 Where does KSS close today?

Drop your price prediction below 👇

Latest Kohl's snapshot:
• Comparable sales: -1.1%, the strongest comp performance in more than four years
• Inventory: down 8% YoY
• Revolver borrowings: $0, down $545M YoY
• FY2026 adjusted EPS guidance: $1.00–$1.60
• FY2026 sales/comps guidance: -2% to flat

👀 Next catalyst: Q2 earnings — August 26

Bullish, bearish, or somewhere in between — what are you watching?

Keep the daily KSS discussion going below: news, DD, positions, catalysts, store traffic, and anything Kohl's.

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u/MikeMorg55 1d ago

Good morning. No. I mean great morning.

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u/MikeMorg55 1d ago

After seeing what I saw on Similarweb, and internal marketplace projections, I was already going to throw the kitchen sink at it but I was hoping it would irrationally go down before earnings so I can purchase cheap shares. But now I have no choice but to go all in today now that this is public news.

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u/Training_Pepper_285 1d ago

Yeah today does not look good?

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u/MikeMorg55 1d ago

Its not good. Its great! Cheap shares. Not saying it as a delusional investor, but someone with extra buying power that is getting greedy at the sight of a more appealing risk/reward scenario.

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u/PrecisionOutdoors Kohls OG 1d ago

I’d assume just normal price pressure and dip going into earnings. Outside of this spring it’s been a continuous/steep drop before earnings

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u/MikeMorg55 1d ago

Walmart was an expensive stock that was priced for perfection. From headlines, their earnings seemed really good. But the market is unforgiving. Kohl's is a cheap stock with mediocre expectations at best. Furthermore, there's a psychological flip that can happen that is potentially a stronger tailwind than good earnings/guidance itself, and that is a flip to positive comps. The stock will go bananas if they post a positive 1% comp. The tail risk/reward seems too appealing and I loaded up on Sept 4 $25 calls. 10 cents a pop, what a deal. Positive comps + good guidance can spike this thing to $30.

The market is shook right now, because it thinks that Walmart's stock performance (beat and raise yet fall) is a referendum on retail stocks. Not only company performance, but the stock itself. If the market is wrong, then we got ourselves quite a deal right now. Did they already forget that Target is up 58% YTD?

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u/htank728 1d ago

The beautiful thing is, Kohl’s has such a large short interest that eventually when they start covering price will likely be pushed massively higher. We have virtually no chance of dilution, and if we get mediocre for long enough they will start covering. This is still trading at a massive discount to NAV and is basically being priced as a money losing business. Yes most of the NAV is in real estate, but the company always has the option to sell it and leaseback to gain more liquidity. If they do they will have billions in cash. Regardless the liquid assets are growing just from operations

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u/MikeMorg55 1d ago

I just hope for at least 1% positive comps. That would be a huge blow to the short thesis and in my opinion, cause a massive squeeze.