May 4, 2006
KOHL'S CORPORATION REPORTS APRIL COMPARABLE STORE SALES INCREASE
OF 13.4 PERCENT AND FIRST QUARTER COMPARABLE STORE SALES INCREASE
OF 6.9 PERCENT
MENOMONEE FALLS, Wis., May 4, 2006 Kohl's Corporation (NYSE:
KSS) reported today that sales for the four-week period ended April
29, 2006 increased 21.1 percent over the four-week period ended
April 30, 2005. On a comparable store basis, sales increased 13.4
percent.
For the first quarter ended April 29, 2006, total sales were up
16.1 percent over the quarter ended April 30, 2005. On a comparable
store basis, sales for the fiscal quarter increased 6.9 percent.
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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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April 29,
2006
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April 30,
2005
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All
Stores
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Comp Stores
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April
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$ 1,136.4
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$ 938.7
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21.1%
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13.4%
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YTD
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$ 3,184.7
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$ 2,742.8
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16.1%
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6.9%
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On April 6, 2006, the Company successfully opened 8 new stores,
including its entry into the Portland, OR market with four stores.
The Company now operates 749 stores in 43 states, compared with
669 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 will be accessible
by calling (630) 652-3100 and will be available for 36 hours, from
Thursday, May 4 at 8:30 AM Eastern Time until Friday, May 5, at
8:30 PM Eastern Time.
First Quarter Earnings Release
Kohl's Corporation will release its first quarter earnings report
on May 11, 2006 at 4:00 PM (EDT). A conference call is scheduled
at 5:00 PM (EDT). 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: 14332432#.
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 through June 11, 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 in Item IA in 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, Vice President of Public Relations, (262) 703-1464
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