Kohl's Corporation Reports May Comparable Store Sales
June 01 2006 - 8:30AM
Business Wire
Kohl's Corporation (NYSE:KSS) reported today that sales for the
four-week period ended May 27, 2006 increased 11.5 percent over the
four-week period ended May 28, 2005. On a comparable store basis,
sales increased 3.1 percent. For the 17 weeks ended May 27, 2006,
total sales were up 15.0 percent over the 17 weeks ended May 28,
2005. On a comparable store basis, sales for the 17-week period
increased 6.0 percent. -0- *T Sales Summary ($ in millions) Fiscal
Period Ended % Inc. This Year ------------------- ------ ---------
May 27, May 28, All Comp 2006 2005 Stores Stores ------- -------
------ ------ May $1,002.9 $899.1 11.5% 3.1% YTD $4,187.6 $3,641.9
15.0% 6.0% *T On May 27, 2006, the Company operated 749 stores in
43 states, compared with 670 stores in 40 states at the same time
last year. The Company will open the balance of its planned 85
stores for 2006 in the third and fourth quarters. The Company will
make its initial entry into the state of Washington with stores in
the Seattle market and will continue its expansion into Florida.
Comments regarding the Company's sales results will be provided in
a pre-recorded telephone message. This message will be accessible
by calling (630) 652-3120 and will be available for 36 hours, from
Thursday, June 1 at 8:30 AM Eastern Time until Friday, June 2, at
8:30 PM Eastern Time. 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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