Kohl's Corporation Reports April Comparable Store Sales Increase of 8.0 Percent
May 05 2005 - 8:30AM
Business Wire
Kohl's Corporation (NYSE: KSS) reported today that sales for the
four-week period ended April 30, 2005 increased 18.7 percent over
the four-week period ended May 1, 2004. On a comparable store
basis, sales increased 8.0 percent. For the first quarter ended
April 30, 2005, total sales were up 15.2 percent over the quarter
ended May 1, 2004. On a comparable store basis, sales for the
fiscal quarter increased 3.7 percent. The Company remains
comfortable with its previous earnings guidance for the first
quarter of fiscal 2005 of $0.35 to $0.37 per diluted share. -0- *T
Sales Summary ($ in millions) Fiscal Period Ended % Inc.(dec.) -
This Year ----------------------------- ---------------------------
April 30, May 1, All Comp 2005 2004 Stores Stores --------------
-------------- -------------- ------------ April $938.7 $790.8
18.7% 8.0% YTD $2,742.8 $2,380.2 15.2% 3.7% *T On April 7th, the
Company successfully opened 17 new stores, including its entry into
the Buffalo, New York market with three stores; four additional
stores each in the Northeast, Southeast, and Midwest regions and
one additional store each in the Mid-Atlantic and South Central
regions. On May 5, 2005, the Company operated 669 stores in 40
states, compared with 589 stores in 38 states at the same time last
year. The Company will open one store in the Chicago, Illinois
market in May and expects to open approximately 62 additional
stores in the third fiscal quarter. New markets opening in the fall
include Orlando and Jacksonville, Florida. Comments regarding the
Company's sales results will be provided in a pre-recorded
telephone message. This message is accessible by calling (402)
220-0820 and will be available for 36 hours. First Quarter Earnings
Release Kohl's Corporation will release its first quarter earnings
report on May 12, 2005 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) 619-6398 ten minutes
prior to the start of the call. A replay of the call will be
available for 36 hours at (630) 652-3018, Pass Code: 11410364#. In
addition, the call will be web cast live over the Internet through
Broadcast Network's vcall web site located at http://www.vcall.com.
To listen to the call, please go to the Web site 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. Sanford C.
Bernstein & Co., LLC Conference Larry Montgomery, Kohl's
Chairman and Chief Executive Officer, presents at the Sanford C.
Bernstein & Co., LLC -- Twenty-First Annual Strategic Decisions
Conference 2005 at The Waldorf Astoria, New York City, on June 1 at
8am (EDT). The presentation will be Webcast live over the Internet
via the Company's Web site located at www.kohls.com (see "Investor
Relations", "Calendar of Events" scroll to June). For those who
cannot listen to the live broadcast, a seven-day replay will be
available shortly after the call. To access the replay, simply
visit the link above. 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 on Exhibit 99.1 to 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.
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