Kohl's Corporation Reports April Comparable Store Sales
May 05 2011 - 8:30AM
Business Wire
Kohl’s Corporation (NYSE: KSS) reported today that for the
four-week month ended April 30, 2011 total sales increased 12.1
percent and comparable store sales increased 10.2 percent from the
four-week month ended May 1, 2010.
For the quarter and year-to-date period, total sales increased
3.1 percent and comparable store sales increased 1.3 percent.
Kevin Mansell, Kohl’s chairman, president and chief executive
officer, commented, “From a line of business perspective,
Accessories, Home and Children’s outperformed the company average
for the month. The Southeast and West regions reported the
strongest comparable sales for the month.”
The Company expects its first quarter earnings to be toward the
high end of its previous guidance of $0.68 to $0.73 cents per
diluted share.
% Change Total
Sales Total Sales
Comparable Sales ($ in millions)
2011
2010 2011
2010 2011 2010
April $ 1,278 $ 1,139 12.1% (5.0)% 10.2% (7.7)% Quarter $ 4,162 $
4,035 3.1% 10.9% 1.3% 7.4%
The Company opened nine new stores in March 2011 and now
operates 1,097 stores in 49 states, compared to 1,067 stores 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 from
8:30 a.m. ET on Thursday, May 5, 2011 until 8:30 p.m. ET on Friday,
May 6, 2011. The toll-free, dial-in number for the replay is (888)
360-2596. (No pass code is required.)
First Quarter 2011
Earnings
The Company will report first quarter 2011 earnings at 7:00 a.m.
ET on Thursday, May 12, 2011. The Company will host a conference
call at 8:30 am ET on May 12 which can be accessed by dialing (706)
902-0486 and referencing Conference ID 64890215, or via the
Company's web site at
http://www.kohlscorporation.com/InvestorRelations/event-calendar.htm.
Replays of the call and web cast will be available for thirty
days.
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 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.
About Kohl’s
Based in Menomonee Falls, Wis., Kohl’s (NYSE: KSS) is a
family-focused, value-oriented specialty department store offering
moderately priced, exclusive and national brand apparel, shoes,
accessories, beauty and home products in an exciting shopping
environment. Kohl’s operates 1,097 stores in 49 states with a
commitment to environmental leadership. In support of the
communities it serves, Kohl’s has raised more than $180 million for
children’s initiatives nationwide through its Kohl’s Cares® cause
merchandise program, which operates under Kohl's Cares, LLC, a
wholly-owned subsidiary of Kohl's Department Stores, Inc. For a
list of store locations and information, or for the added
convenience of shopping online, visit www.Kohls.com.
Kohls (NYSE:KSS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kohls (NYSE:KSS)
Historical Stock Chart
From Jul 2023 to Jul 2024