Item 2.02. Results of Operations and Financial Condition.
On May 19, 2020, Kohl's Corporation (the "Company") issued a press release and
presentation materials to announce its financial results for the first quarter
ended May 2, 2020. Subsequently and in preparation of the Company's Quarterly
Report on Form 10-Q, the Company identified that it had reported basic and
diluted shares, when accounting treatment for net losses requires only basic
shares to be presented. As a result, the Company's basic and diluted EPS was
($3.52) and adjusted basic and diluted EPS was ($3.22) rather than the diluted
EPS and adjusted diluted EPS of ($3.50) and ($3.20) as originally presented in
the press release and presentation materials. This adjustment will be
appropriately reflected in the financial statements included in the Quarterly
Report on Form 10-Q, which the Company currently expects to file with the
Securities and Exchange Commission on June 5, 2020. This adjustment does not
change first quarter 2020 net income, adjusted net income or any other
information disclosed in the May 19, 2020 press release or presentation
materials.
Item 7.01. Regulation FD Disclosure.
See Item 2.02.
The information in Items 2.02 and 7.01 is furnished solely pursuant to Items
2.02 and 7.01 of Form 8-K. Consequently, such information is not deemed "filed"
for the purposes of Section 18 of the Securities Exchange Act of 1934, or
otherwise subject to the liabilities of that section. Further, the information
in Items 2.02 and 7.01 shall not be deemed to be incorporated by reference into
the filings of the registrant under the Securities Act of 1933.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the
Inline XBRL document)
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