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Kohl’s Corporation (KSS): A Bull Case Theory 

We came across a bullish thesis on Kohl’s Corporation on Cundill Deep Value’s Substack by FRAGMENTS. In this article, we will summarize the bulls’ thesis on KSS. Kohl’s Corporation's share was trading at $24.71 as of December 2nd. KSS’s trailing and forward P/E were 13.95 and 31.55 respectively according to Yahoo Finance.

Kohl’s Corporation is undergoing a disciplined margin-repair phase, anchored by three underappreciated earnings engines—category mix, credit-card royalties, and hard-asset monetization. The mix story is central: Sephora at Kohl’s surpassed $1.4...