Kohl's Corporation Reports August Comparable Store Sales Increase of 5.2 Percent
August 31 2006 - 8:30AM
Business Wire
Kohl's Corporation (NYSE:KSS) reported today that sales for the
four-week period ended August 26, 2006 increased 13.1 percent over
the four-week period ended August 27, 2005. On a comparable store
basis, sales increased 5.2 percent. For the 30 weeks ended August
26, 2006, total sales were up 14.7 percent over the 30 weeks ended
August 27, 2005. On a comparable store basis, sales for the 30
weeks increased 6.0 percent. -0- *T Sales Summary ($ in millions)
Fiscal Period Ended % Inc. This Year ------------------- ------
--------- August 26, August 27, All Comp 2006 2005 Stores Stores
--------- ---------- ------ ------ August $1,139.3 $1,007.5 13.1%
5.2% YTD $7,615.5 $6,638.4 14.7% 6.0% *T On August 26, 2006, the
Company operated 749 stores in 43 states, compared with 674 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 31 until 8:30 PM EDT Friday, September
1). The dial-in number for the replay is (719) 457-0820, and the
pass code is 4922426. Investor Conference The Company will host an
investor conference in Tampa, Florida on October 4, 2006, with a
management presentation scheduled for approximately 12:30 PM (EDT).
If you are interested in attending and have not received an
invitation, please send an e-mail to AnalystConf06Tampa@kohls.com
to request additional information. Investors will have the
opportunity to listen to the live web cast of the presentation
through the Company's web site located at http://www.kohls.com
(Select "Investor Relations"/"Company News"/Scroll down to October
2006), or through Premiere Global Services' web site located at
http://www.vcall.com/IC/CEPage.asp?ID=108616. To listen to the
presentation, please go to either 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 through November 3, 2006. To listen to the
audio replay, dial (719) 457-0820 and enter pass code 4948839.
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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