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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.


January 10, 2008
KOHL'S CORPORATION REPORTS DECEMBER SALES

MENOMONEE FALLS, Wis., January 10, 2008 — Kohl’s Corporation (NYSE: KSS) reported today that sales for the five-week period ending January 5, 2008, decreased 3.4 percent over the five-week period ending December 30, 2006. Comparable store sales decreased 11.4 percent on a reported basis. As a reminder, last year’s retail reporting calendar included 53 weeks. On a calendar-adjusted basis, comparing the five weeks ended January 5, 2008, to the five weeks ended January 6, 2007, comparable store sales decreased 0.7 percent.

For the nine weeks ended January 5, 2008, total sales increased 5.4 percent while comparable store sales decreased 3.2 percent on a reported basis. On a calendar-adjusted basis, comparing the nine weeks ended January 5, 2008, to the nine weeks ended January 6, 2007, comparable store sales decreased 0.1 percent.

For the 48 weeks ended January 5, 2008, total sales were up 7.4 percent while comparable store sales decreased 0.4 percent on a reported basis.

Larry Montgomery, Kohl’s Chairman and Chief Executive Officer, commented, “Customers’ shopping patterns were driven by a search for value and they responded well to promotions closer to Christmas and post-holiday. Our sales results reflected these deeper discounts, affecting our gross margin. In addition, we have been aggressive in our clearance strategy to ensure we have the appropriate inventory content and level entering fiscal 2008. As a result, we now expect our fourth quarter earnings to be $1.30 to $1.34 per diluted share.”

Sales Summary ($ in millions)
 
Fiscal Period Ending
% Change This Year
 
January 5, 2008
December 30, 2006
All Stores
Comp Stores
December
$2,672.9
$2,768.1
-3.4%
-11.4%
QTD
$4,696.1
$4,453.8
5.4%
-3.2%
YTD
$15,682.5
$14,602.1
7.4%
-0.4%

As of January 5, 2008, the Company operated 929 stores in 47 states, compared with 817 in 45 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 EST on Thursday, January 10. To listen to the replay, dial (706) 645-9291, and use pass code 30013043.

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 929 stores in 47 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:  Wes McDonald, Chief Financial Officer, (262) 703-1893
Media:  Vicki Shamion, Vice President – 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