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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.


September 3, 2008
KOHL'S CORPORATION REPORTS AUGUST COMPARABLE STORE SALES  

MENOMONEE FALLS, Wis., September 3, 2008 — Kohl’s Corporation (NYSE: KSS) reported today that sales for the four-week month ended August 30, 2008, increased 2.6 percent from the four-week month ended September 1, 2007. On a comparable store basis, sales decreased 5.8 percent. 

Total year-to-date sales were up 2.6 percent over the comparable prior year period.  On a comparable store basis, year-to-date sales decreased 5.6 percent.

Kevin Mansell, Kohl’s president and chief executive officer, commented, “As expected, August was more difficult than our expectations of a 2 to 4 percent comparable sales decrease for the third quarter.  Some traditional back-to-school business such as footwear and children’s performed well while other areas such as juniors and young men’s were more challenging.  We continue to manage our inventory levels and expenses conservatively in this environment.”

Sales Summary ($ in millions)
 
Fiscal Period Ended
% Change This Year
August 30, 2008
September 1, 2007
All Stores
Comp Stores
Month
$1,255.0
$1,223.4
2.6%
-5.8%
YTD
$8,604.8
$8,384.7
2.6%
-5.6%

On August 30, 2008, the Company operated 957 stores in 47 states, compared to 834 in 46 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 8:00 AM EDT on Wednesday, September 3, until 8:00 PM EDT on Thursday, September 4.  The toll-free, dial-in number for the replay is (888) 360-2596. (No pass code is required.)

The Company will be reporting September sales results on Wednesday, October 8, at 8:30 AM EDT due to the observance of Yom Kippur on the normal reporting day of Thursday, October 9.

Goldman Sachs 15th Annual Global Retailing Conference
Larry Montgomery will be presenting on Wednesday, September 3, 2008, at 9:30 AM EDT at the Goldman Sachs 15th Annual Global Retailing Conference being held at the Marriott Marquis in New York City.  You can listen to the audio Web cast of this presentation on September 3 at 9:30 AM EDT by visiting http://www.kohlscorporation.com/InvestorRelations/Investor01.htm. The replay of this Web cast will remain available for 30 days.

Bank of America Conference
Kevin Mansell, Kohl’s president and CEO, will be presenting at the Bank of America 38th Annual Investment Conference at the Ritz-Carlton in San Francisco, Calif. on September 16, 2008, at 10:30 AM (PDT). To listen to the live Web cast of Kohl’s formal presentation, Breakout session, and Q&A session, go to http://www.veracast.com/webcasts/bas/38th-annual-2008/id24207183.cfm on Tuesday, September 16, at 10:30 AM (PDT).  After the completion of this conference, a full audio Web cast, along with slides, will be available until October 3, 2008.

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.  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. Kohl’s operates 957 stores in 47 states and will celebrate the opening of its 1,000th store in the fall. A company committed to the communities it serves, Kohl’s has raised more than $102 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

Media Contact:
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