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Financial News


At Kohl's, we're always making headlines. Here are our most recent financial news releases. Click on any headline at the right to see the full release.


June 7, 2007
KOHL'S CORPORATION REPORTS MAY COMPARABLE STORE SALES INCREASE OF 10.5 PERCENT

MENOMONEE FALLS, Wis., June 7, 2007 — Kohl’s Corporation (NYSE: KSS) reported today that sales for the four-week period ended June 2, 2007 increased 18.5 percent over the four-week period ended May 27, 2006. On a comparable store basis, sales increased 10.5 percent.

For the 17 weeks ended June 2, 2007, total sales were up 13.4 percent over the 17 weeks ended May 27, 2006.  On a comparable store basis, sales for the 17-week period increased 5.5 percent.

Larry Montgomery, Kohl’s chairman and chief executive officer, commented, “May results were driven by broad-based strength in all of our apparel businesses, footwear and home.  We continued our consistent performance as we achieved positive comparable sales increases in all regions.” 

May’s results were affected by a calendar shift of Memorial Day into fiscal May from fiscal June.  As a result, the Company expects a decrease in June comparable store sales in the low-single digit range, implying a combined May/June comparable sales increase of 3% to 4%. 

Sales Summary ($ in millions)
 
Fiscal Period Ended
%
Increase
This Year
 
June 2,
2007
May 27,
2006
All Stores
Comp Stores
May
$1,191.9
$ 1,006.2
18.5%
10.5%
YTD
$4,764.0
$4,202.5
13.4%
5.5%

On June 2, 2007, the Company operated 834 stores in 46 states, compared to 749 in 43 states at the same time last year.

Comments regarding the Company’s sales results will be provided in a pre-recorded telephone message, which will be available for 36 hours, beginning at 8:30 AM EDT on Thursday, June 7.  The dial-in number for the replay is (719) 457-0820 (Pass Code:  2684099).

Piper Jaffray Conference
Wes McDonald, Kohl’s chief financial officer, will be presenting at the Piper Jaffray Consumer Conference at the St. Regis Hotel in New York City today at 1:30 PM EDT.  To listen to the live web cast of the presentation, go to http://www.piperjaffray.com/conferences.  After the completion of this conference, a full audio web cast will be available until July 7, 2007.

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 1A 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.

About Kohl’s
Based in Menomonee Falls, Wis., Kohl’s (NYSE: KSS) is a family-focused, value-oriented specialty department store offering moderately priced, exclusive and national brand apparel, shoes, accessories, beauty and home products in an exciting shopping environment. A company committed to the communities it serves, Kohl’s operates 834 stores in 46 states and has raised more than $85 million for children’s initiatives nationwide through its Kohl’s Cares for Kids® philanthropic program.  For a list of store locations and information, or for the added convenience of shopping online, visit www.kohls.com.

# # #

Investor Relations Contact:
Wes McDonald, Chief Financial Officer, (262) 703-1893

Public Relations Contact:
Vicki Shamion, Vice President of Public Relations, (262) 703-1464


 

Recent Headlines Click on any headline below to view the full release.

 
  September 3, 2008
KOHL'S CORPORATION REPORTS AUGUST COMPARABLE STORE SALES
 
  August 14, 2008
KOHL'S CORPORATION REPORTS EARNINGS OF $0.77 PER DILUTED SHARE FOR SECOND QUARTER OF FISCAL 2008
 
  August 7, 2008
KOHL'S CORPORATION REPORTS JULY COMPARABLE STORE SALES
 
  July 10, 2008
KOHL'S CORPORATION REPORTS JUNE COMPARABLE STORE SALES
 
  June 5, 2008
KOHL'S CORPORATION REPORTS MAY COMPARABLE STORE SALES
 
  May 15, 2008
KOHL'S CORPORATION REPORTS EARNINGS FOR FIRST QUARTER OF FISCAL 2008
 
  May 8, 2008
KOHL'S CORPORATION REPORTS APRIL COMPARABLE STORE SALES
 
  April 30, 2008
KOHL'S OUTLINES STRATEGIC INITIATIVES AT ANNUAL SHAREHOLDERS MEETING
 
  April 10, 2008
KOHL'S CORPORATION REPORTS MARCH COMPARABLE STORE SALES
 
  March 21, 2008
KOHL'S CORPORATION ANNOUNCES FILING OF ITS ANNUAL REPORT ON FORM 10-K
 
  March 6, 2008
KOHL'S CORPORATION REPORTS FEBRUARY COMPARABLE STORE SALES
 
  February 28, 2008
KOHL'S CORPORATION REPORTS EARNINGS FOR FOURTH QUARTER AND FISCAL 2007
 
  February 7, 2008
KOHL'S CORPORATION REPORTS JANUARY SALES
 
  January 10, 2008
KOHL'S CORPORATION REPORTS DECEMBER SALES
 
  December 6, 2007
KOHL'S CORPORATION REPORTS NOVEMBER COMPARABLE STORE SALES
 
  November 15, 2007
KOHL'S CORPORATION REPORTS THIRD QUARTER EARNINGS RESULTS
 
  November 8, 2007
KOHL'S CORPORATION REPORTS OCTOBER COMPARABLE STORE SALES
 
  October 11, 2007
KOHL'S CORPORATION REPORTS SEPTEMBER COMPARABLE STORE SALES
 
  October 2, 2007
KOHL'S UNVEILS FIVE-YEAR STRATEGIC GROWTH PLAN; PLANS TO INCREASE NATIONAL PRESENCE TO 1,400 STORES BY 2012
 
  September 20, 2007
KOHL'S BOARD OF DIRECTORS AUTHORIZES $2.5 BILLION SHARE REPURCHASE PROGRAM
 
  September 6, 2007
KOHL'S CORPORATION REPORTS AUGUST COMPARABLE STORE SALES
 
  August 16, 2007
KOHL'S CORPORATION REPORTS 20.3 PERCENT INCREASE IN SECOND QUARTER EARNINGS PER SHARE OF $0.83
 
  August 9, 2007
KOHL'S CORPORATION REPORTS JULY COMPARABLE STORE SALES
 
  July 12, 2007
KOHL'S CORPORATION REPORTS JUNE COMPARABLE STORE SALES
 
  June 7, 2007
KOHL'S CORPORATION REPORTS MAY COMPARABLE STORE SALES INCREASE OF 10.5 PERCENT
 
  May 17, 2007
KOHL'S CORPORATION REPORTS FIRST QUARTER NET INCOME INCREASE OF 24.9 PERCENT AND DILUTED EARNINGS PER SHARE OF $0.64
 
  May 10, 2007
KOHL'S CORPORATION REPORTS APRIL COMPARABLE STORE SALES
 
  April 12, 2007
KOHL'S CORPORATION REPORTS MARCH COMPARABLE STORE SALES INCREASE OF 16.8 PERCENT