Kohl's revealed in its latest presentation that the company plans to use excess cash flow to resume its stock buyback program in the long term, after overall leverage levels improve.

This strategic decision demonstrates the retail giant's emphasis on financial health and its confidence in future cash generation capabilities. By optimizing its capital structure, the company aims to create greater value for shareholders. Management emphasized that stock buybacks will be an important part of the long-term capital allocation strategy. This move is expected to enhance earnings per share while sending a positive signal to the market regarding the company's outlook.