February 2, 2006
KOHL'S CORPORATION REPORTS JANUARY SALES
MENOMONEE FALLS, Wis., February 2, 2006 Kohl's Corporation
(NYSE: KSS) reported today that sales for the four-week period ended
January 28, 2006 increased 13.3 percent over the four-week period
ended January 29, 2005. On a comparable store basis, sales increased
2.0 percent.
For the 13 weeks ended January 28, 2006 total sales increased 14.1
percent over the 13 weeks ended January 29, 2005. On a comparable
store sales basis, sales increased 2.7 percent. For the 52 weeks
ended January 28, 2006, total sales increased 14.5 percent while
comparable store sales increased 3.4 percent.
The Company is comfortable with the current First Call consensus
earnings estimate of $1.07 per diluted share.
|
Sales Summary ($ in millions)
|
|
|
Fiscal Period Ended
|
% Inc. - This Year
|
| |
January 28,
2006
|
January 29,
2005
|
All
Stores
|
Comp Stores
|
|
January
|
$ 676.4
|
$ 596.9
|
13.3%
|
2.0%
|
|
Fourth Quarter
|
$ 4,651.9
|
$ 4,078.7
|
14.1%
|
2.7%
|
|
YTD
|
$ 13,402.2
|
$ 11,700.6
|
14.5%
|
3.4%
|
On January 28, 2006, 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.
Fourth Quarter Earnings Release
Kohl's Corporation will release its fourth quarter earnings report
on February 23, 2006 at 4:00 PM (EST). A conference call is scheduled
at 5:00 PM (EST). Investors will have the opportunity to listen
to the conference call by dialing (847) 619-6368 ten minutes prior
to the start of the call. A replay of the call will be available
for 30 days at (630) 652-3018, Pass code: 13584558.
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 Networks' Vcall Website located
at http://www.vcall.com. To listen to the call, please go to either
Website at least 15 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,
and will be available until March 23, 2006.
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
|