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November 3, 2005 KOHL'S CORPORATION REPORTS OCTOBER SALES MENOMONEE FALLS, Wis., November 3, 2005 Kohl's Corporation (NYSE: KSS) reported today that sales for the four-week period ended October 29, 2005 increased 16.8 percent over the four-week period ended October 30, 2004. On a comparable store basis, sales increased 6.2 percent. For the quarter ended October 29, 2005, total sales increased 13.7 percent while comparable store sales increased 3.5 percent. For the 39 weeks ended October 29, 2005, total sales were up 14.8 percent while comparable store sales increased 3.9 percent. Larry Montgomery, Kohl's chairman and chief executive officer,
commented, "We are pleased with our sales performance for the
month and the quarter. Although sales of seasonal merchandise like
sweaters and outerwear continued to be soft through much of October,
these categories strengthened significantly during the last ten
days as temperatures turned colder in most of our regions. We continue
to be pleased with our positioning in terms of content and level
of inventory as we enter the holiday season. We remain comfortable
with our previous earnings guidance for the third quarter of $0.43
to $0.46 per diluted share."
During the month of October, the Company opened 57 stores. New markets were 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. On October 29, 2005, the Company operated 731 stores in 41 states. The Company will end the year with 732 stores in 41 states. The Company operated 637 stores in 40 states as of October 30, 2004 and 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) 220-4356 and will be available for 36 hours. Third Quarter Earnings Release In addition, the call will be Webcast live over the Internet through the Company's Website located at http://www.kohls.com (see "Company News"), or through Broadcast Network's Vcall Website located at http://www.vcall.com. To listen to the call, please go to the Website at least fifteen
minutes early to register, download and install any necessary audio
software. For those who cannot listen to the live broadcast, a replay
will be available shortly after the call. Cautionary Statement Regarding Forward-Looking
Information # # # Investor Relations Contact: Public Relations Contact: |
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