Kohl's Corporation Reports July Comparable Store Sales Increase of 5.9 Percent and Year-to-Date Comparable Store Sales Increase
August 03 2006 - 8:30AM
Business Wire
Kohl's Corporation (NYSE:KSS) reported today that sales for the
four-week period ended July 29, 2006 increased 15.0 percent over
the four-week period ended July 30, 2005. On a comparable store
basis, sales increased 5.9 percent. For the second quarter ended
July 29, 2006, total sales were up 14.0 percent while comparable
store sales increased 5.5 percent. For the 26 weeks ended July 29,
2006, total sales were up 15.0 percent over the 26 weeks ended July
30, 2005. On a comparable store basis, sales for the 26 weeks
increased 6.2 percent. Larry Montgomery, Kohl's chairman and chief
executive officer, said, "We are extremely pleased with our sales
performance in July and for the second quarter. Once again, we
exceeded our comparable store sales guidance of 2% to 4% for the
quarter as we continue to see consistency in sales performance
across all lines of business and in all regions of the country."
-0- *T Sales Summary ($ in millions) Fiscal Period Ended % Inc.
This Year ------------------- ------ --------- July 29, July 30,
All Comp 2006 2005 Stores Stores -------- -------- ------ ------
July $972.8 $846.2 15.0% 5.9% Second Quarter $3,291.4 $2,888.1
14.0% 5.5% YTD $6,476.2 $5,630.9 15.0% 6.2% *T On July 29, 2006,
the Company operated 749 stores in 43 states, compared with 670
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, which will be available for 36 hours (from 8:30
AM EDT on Thursday, August 3 until 8:30 PM EDT Friday, August 4).
The dial-in number for the replay is (719) 457-0820, and the pass
code is 4922426. Second Quarter Earnings Release Kohl's Corporation
will release its second quarter earnings report on August 10, 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 (913) 905-3179 ten minutes prior to the scheduled
start of the call. 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 Premiere
Global Services' web site at
https://cis.premconf.com/sc/scw.dll//usr?cid=vlllrzlcmszvmccz. To
listen to the call, please go to either web site at least fifteen
minutes early to register, download and install any necessary audio
software. A replay of the call will be available for 30 days at
(719) 457-0820, Pass Code: 4486225. 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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