Kohl's Corporation Reports April Comparable Store Sales Increase of 13.4 Percent and First Quarter Comparable Store Sales Incre
May 04 2006 - 8:30AM
Business Wire
Kohl's Corporation (NYSE:KSS) reported today that sales for the
four-week period ended April 29, 2006 increased 21.1 percent over
the four-week period ended April 30, 2005. On a comparable store
basis, sales increased 13.4 percent. For the first quarter ended
April 29, 2006, total sales were up 16.1 percent over the quarter
ended April 30, 2005. On a comparable store basis, sales for the
fiscal quarter increased 6.9 percent. -0- *T Sales Summary ($ in
millions) Fiscal Period Ended % Inc. This Year
----------------------------- ---------- --------- April 29, April
30, All Comp 2006 2005 Stores Stores -------------- --------------
---------- --------- April $ 1,136.4 $ 938.7 21.1% 13.4% YTD $
3,184.7 $ 2,742.8 16.1% 6.9% *T On April 6, 2006, the Company
successfully opened 8 new stores, including its entry into the
Portland, OR market with four stores. The Company now operates 749
stores in 43 states, compared with 669 stores in 40 states at the
same time last year. Comments regarding the Company's sales results
will be provided in a pre-recorded telephone message. This message
will be accessible by calling (630) 652-3100 and will be available
for 36 hours, from Thursday, May 4 at 8:30 AM Eastern Time until
Friday, May 5, at 8:30 PM Eastern Time. First Quarter Earnings
Release Kohl's Corporation will release its first quarter earnings
report on May 11, 2006 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 30 days at (630) 652-3018, Pass Code: 14332432#. 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 through June 11, 2006. 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.
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