December 1, 2005
KOHL'S CORPORATION REPORTS NOVEMBER SALES
MENOMONEE FALLS, Wis., December 1, 2005 Kohl's Corporation
(NYSE: KSS) reported today that sales for the four-week period ended
November 26, 2005 increased 10.9 percent over the four-week period
ended November 27, 2004. On a comparable store basis, sales decreased
0.1 percent.
For the 43 weeks ended November 26, 2005 total sales were up 14.2
percent while comparable store sales increased 3.4 percent.
Larry Montgomery, Kohl's chairman and chief executive officer,
commented, "Although we were disappointed with the overall
level of sales in November, the last ten days of the month were
strong, including the two post-Thanksgiving days. This fact, along
with the extra selling day before Christmas, gives us confidence
that sales will improve significantly in December. We continue to
believe we can achieve a mid-single digit comparable store sales
increase for the fourth quarter and are maintaining our guidance
for earnings per diluted share of $1.10 to $1.14."
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Sales Summary ($ in millions)
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Fiscal Period Ended
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% Inc. - This Year
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Nov. 26,
2005
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Nov. 27,
2004
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All
Stores
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Comp Stores
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November
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$ 1,493.7
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$ 1,346.5
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10.9%
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-0.1%
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YTD
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$10,243.9
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$ 8,968.4
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14.2%
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3.4%
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On November 26, 2005, the Company operated 732 stores in 41 states,
compared with 637 stores in 40 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 (630) 652-3100 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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