Kohl's Corporation Reports July Comparable Store Sales
August 04 2005 - 8:30AM
Business Wire
Kohl's Corporation (NYSE:KSS) reported today that sales for the
four-week period ended July 30, 2005 increased 9.6 percent over the
four-week period ended July 31, 2004. On a comparable store basis,
sales decreased 0.5 percent. For the second quarter ended July 30,
2005, total sales increased 15.6 percent while comparable store
sales increased 5.1 percent. For the 26 weeks ended July 30, 2005,
total sales were up 15.4 percent over the 26 weeks ended July 31,
2004. On a comparable store basis, sales for the 26 weeks increased
4.4 percent. The Company remains comfortable with its previous
earnings guidance for the second quarter of fiscal 2005 of $0.51 to
$0.52 per diluted share. -0- *T Sales Summary ($ in millions)
Fiscal Period Ended % Inc. (Decr.) - This Year -------------------
---------------------------- July 30, July 31, All Comp 2005 2004
Stores Stores ---- ---- ------ ------ July $ 846.2 $ 772.4 9.6%
-0.5% Second Quarter $ 2,888.1 $ 2,497.9 15.6% 5.1% Year-To-Date $
5,630.9 $ 4,878.0 15.4% 4.4% *T On July 30, 2005, the Company
operated 670 stores in 40 states, compared with 589 stores in 38
states at the same time last year. The Company expects to open
approximately 62 additional stores in the third quarter. In August,
the Company will open four new stores. The remaining stores,
including new entries into Orlando and Jacksonville, Florida, will
open in October. 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. Second Quarter Earnings Release Kohl's Corporation will
release its second quarter earnings report on August 11, 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) 619-6368 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: 12195903. In addition, the call will be
web cast live over the Internet through the Company's web site
located at http://www.kohls.com (see "Company News"), or 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. 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 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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