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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.


February 7, 2008
KOHL'S CORPORATION REPORTS JANUARY SALES

MENOMONEE FALLS, Wis., February 7, 2008 — Kohl’s Corporation (NYSE: KSS) reported sales for the fiscal periods ended February 2, 2008.

As a reminder, the January 2007 fiscal month consisted of 5 weeks, while the current year period was 4 weeks.  Total sales for the additional week in fiscal 2006 were approximately $200 million.  The following comparable store sales results compare the period ended February 2, 2008 to the period ended January 27, 2007.

Comparing the four weeks ended February 2, 2008 to the four weeks ended January 27, 2007, comparable store sales decreased 8.3 percent.  Total sales for the January fiscal month were approximately $800 million, down 20.4 percent from the same period a year ago.

Fourth quarter sales were approximately $5.5 billion, up 0.7 percent over the same period a year ago.  Comparable store sales decreased 4.0 percent.

For the year, total sales increased 5.6 percent over the same period a year ago while comparable store sales decreased 0.8 percent. 

Larry Montgomery, Kohl’s chairman and chief executive officer, commented, “Customers continue to be selective in their purchases, driven by value and need.  Our inventory management strategy was successful and we will end the quarter with inventory below last year on a per store basis.  Based on January’s sales results, we expect our earnings per share to be at the low end of our guidance of $1.30 to $1.34 per diluted share."

Sales Summary ($ in millions)
 
Fiscal Period Ending
% Change This Year
 
February 2, 2008
February 3, 2007
All Stores
Comp Stores
Month
$791.4     
$994.8
-20.4%
-8.3%
QTD
$5,487.3 
$5,448.6
0.7%
-4.0%
YTD
$16,473.7
$15,596.9
5.6%
-0.8%

On February 2, 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 (from 8:30 AM EST on Thursday, February 7 until 8:30 PM EST on Friday, February 8).  The dial-in number for the replay is (706) 645-9291 (Pass Code:  34493409).

Citi Investment Retail Conference
Kevin Mansell, Kohl’s president, will be speaking on February 11, 2008 at the Citi Investment Retail Conference and Field Trip, which is being held at the Hyatt Regency Grand Cypress, in Orlando, Florida from February 11-13, 2008.  To listen to the live audio webcast of Mr. Mansell’s portion of the event, go to http://www.veracast.com/webcasts/citigroup/retail08/22101158.cfm on February 11 at 6:30 PM ET.  The replay of the audio webcast for the entire event will remain available for replay until March 14, 2008.

Fourth Quarter Earnings Release
Kohl’s Corporation will release its fourth quarter earnings report on February 28, 2008 at 4 PM EST.  At 5 PM EST, a conference call is scheduled.  Investors will have the opportunity to listen to the conference by dialing (706) 902-0486 (Conference ID #34081229) ten minutes prior to the start of the call.  A replay of the conference call will be accessible for 30 days, from 8 PM EST February 28 through midnight March 28, 2008, by dialing (706) 645-9291 (Conference ID #34081229).

In addition, the call will be webcast live over the Internet through the Company’s Web site located at http://www.kohls.com (see “Investor Relations” / “Calendar of Events”).  To listen to the audio webcast, please go to either Web site at least 15 minutes early to register, download and install any necessary audio software.  The webcast will be available for 30 days on both Web sites.

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