October 6, 2005
KOHL'S CORPORATION REPORTS SEPTEMBER SALES
MENOMONEE FALLS, Wis., October 6, 2005 Kohl's Corporation
(NYSE: KSS) reported today that sales for the five-week period ended
October 1, 2005 increased 9.8 percent over the five-week period
ended October 2, 2004. On a comparable store basis, sales decreased
0.2 percent.
For the 35 weeks ended October 1, 2005, total sales increased 14.5
percent over the 35 weeks ended October 2, 2004. On a comparable
store basis, sales for the 35-week period increased 3.7 percent.
Larry Montgomery, Chief Executive Officer, commented, "Our
sales performance in the first half of the month continued the strong
back-to-school performance we saw in August. Although we were disappointed
in the sales of cold-weather merchandise such as sweaters and outerwear
in the second half of the month, we would expect a shift in weather-related
demand into October. We remain comfortable with our previous earnings
guidance for the 3rd quarter of $0.43 to $0.46 per diluted share."
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Sales Summary ($ in millions)
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Fiscal Period Ended
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% Inc. (Decr.) - This Year
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Oct. 1,
2005
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Oct. 2,
2004
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All
Stores
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Comp Stores
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September
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$ 992.3
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$ 904.1
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9.8%
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-0.2%
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YTD
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$ 7,630.7
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$ 6,663.7
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14.5%
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3.7%
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On October 1, 2005, the Company operated 674 stores in 40 states,
compared with 596 stores in 38 states at the same time last year.
This week, the Company opened an additional 57 stores. The Company
entered the Orlando, FL market with six stores and the Jacksonville,
FL market with three stores. In addition, the Company added 13 stores
in the Midwest region, nine stores in the Southwest region, eight
stores in the South Central region, seven stores in the Northeast
region, six stores in the Mid-Atlantic region and five stores in
the Southeast region. One planned October opening in Beaumont, TX
will now open in November.
The Company will end the year with 732 stores in 41 states, compared
to 637 stores in 40 states at the end of 2004.
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, including guidance on the Company's targeted
sales and earnings. 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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