April 7, 2005
KOHL'S CORPORATION REPORTS MARCH COMPARABLE SALES
MENOMONEE FALLS, Wis., April 7, 2005 Kohl's Corporation
(NYSE: KSS) reported today that sales for the four-week period ended
April 2, 2005 increased 9.4 percent over the four-week period ended
April 3, 2004. On a comparable store basis, sales decreased 1.0
percent.
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Sales Summary ($ in millions)
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Fiscal Period Ended
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% Inc. (dec.) - This Year
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April 2,
2005
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April 3,
2004
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All
Stores
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Comp Stores
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March
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$ 1,091.4
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$ 997.2
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9.4%
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-1.0%
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YTD
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$ 1,804.1
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$ 1,589.4
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13.5%
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1.7%
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The Company remains comfortable with its previous earnings guidance
of $0.35 to $0.37 per diluted share for the first fiscal quarter
of 2005.
During March, the Company successfully opened 15 new stores, including
four stores in the Southwest region, three stores each in the Mid-Atlantic,
South Central and Southeast regions and two stores in the Midwest
region. The Company will celebrate the grand opening of 17 additional
stores today, including three new stores in the Buffalo, New York
market. Additionally, the Company will open one store in May.
The Company expects to open approximately 95 stores for 2005. The
remainder of the stores will be opened in the third fiscal quarter.
New markets opening in the fall include Orlando and Jacksonville,
Florida.
On April 2, 2005, the Company operated 652 stores in 40 states,
compared with 563 stores in 37 states at the same time last year.
Comments regarding the Company's sales results will be provided
in a pre-recorded telephone message. This message is accessible
by calling (402) 220-0820 and will be available for 36 hours.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Kohl's intends forward-looking terminology such
as "believes," "expects," "may," "will,"
"should," "anticipates," "plans,"
or similar expressions to identify forward-looking statements. Such
statements are subject to certain risks and uncertainties, which
could cause Kohl's actual results to differ materially from those
anticipated by the forward-looking statements. These risks and uncertainties
include, but are not limited to those described on Exhibit 99.1
to Kohl's annual report on Form 10-K, which is expressly incorporated
herein by reference, and other factors as may periodically be described
in Kohl's filings with the SEC.
# # #
Investor Relations Contact:
Wes McDonald, Chief Financial Officer, (262) 703-1893
Public Relations Contact:
Vicki Shamion, Director of Public Relations, (262) 703-1464
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