News Flash

Kohl's Corporation to open 62 new stores in Q3

11 Aug '05

3 min read

US department store chain, offering online shopping for clothing and household goods, Kohl's Corporation reported sales for the four-week period ended July 30, 2005 increased 9.6 percent over the four-week period ended July 31, 2004. On a comparable store basis, sales decreased 0.5 percent.

For the second quarter ended July 30, 2005, total sales increased 15.6 percent while comparable store sales increased 5.1 percent. For the 26 weeks ended July 30, 2005, total sales were up 15.4 percent over the 26 weeks ended July 31, 2004. On a comparable store basis, sales for the 26 weeks increased 4.4 percent.

The Company remains comfortable with its previous earnings guidance for the second quarter of fiscal 2005 of $0.51 to $0.52 per diluted share.

On July 30, 2005, the Company operated 670 stores in 40 states, compared with 589 stores in 38 states at the same time last year.

The Company expects to open approximately 62 additional stores in the third quarter. In August, the Company will open four new stores. The remaining stores, including new entries into Orlando and Jacksonville, Florida, will open in October.

Comments regarding the Company's sales results will be provided in a pre-recorded telephone message. This message is accessible by calling (402) 220-0820 and will be available for 36 hours.

Second Quarter Earnings Release

Kohl's Corporation will release its second quarter earnings report on August 11, 2005 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 36 hours at (630) 652-3018, Pass Code: 12195903.

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