Investor Presentaiton

2022 Updated Outlook Metric Net Sales Full Year Guidance (5%) to (6%) versus 2021 Operating Margin 4.2% to 4.5% EPS (MERS SEPHORA $2.80 to $3.20 KOHL'S+SEPHORA Capital Allocation Strategy • Capex: Approximately $825 million . Dividend: $0.50 quarterly dividend payable on September 21, 2022 • Share Repurchase Program: . Repurchased $158M in shares in Q1 2022 and entered into $500M ASR agreement on August 18, 2022 KOHL'S Alfer www. WO ONE A TOMMY HILFIGER Eddie Bauer NIKE FLX DRAPER JAMES RSVP 11

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