Larry Montgomery, Kohl's Chairman and Chief Executive Officer, said, "I am pleased with performance in the second quarter and for the first half on both the top and bottom lines. As expected, they continued gaining momentum in comparable store sales in the second quarter, achieving the high end of our guidance for both comp store sales and EPS for the quarter. Looking forward, they continue to target comparable store sales growth in the mid-single digit range for the fall season. For the year, we continue to target earnings growth of approximately 20 percent over last year and now expect our earnings per diluted share for fiscal 2005 to be in the $2.42 -$2.50 range."
Second Quarter Conference Call
Investors will have the opportunity to listen to the conference call today at 5:00 PM (EDT) by dialing (847) 619-6368 ten minutes prior to the start of the call. In addition, the call will be Webcast live over the Internet through the Company's Website located at http://www.kohls.com (Select "Investor Relations"/ "Company News"), or through Broadcast Network's vcall Website located at http://www.vcall.com. To listen to the call, please go to the Website 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 for 36 hours at (630) 652-3018, Pass Code: 12195903.
Investor Conference
The Company will host an investor conference in Boston, Massachusetts on August 17, 2005, with a presentation scheduled for approximately 12:30 PM (EDT). Investors will have the opportunity to listen to the live Webcast of the presentation through the Company's Website.
Largest online retailer Kohl's stores are stocked with everything in need for customer and home - apparel, shoes & accessories for women, children and men, plus home products like small electrics, bedding, luggage and more. Online, they have taken their commitment to convenience even further, and you'll find there's more to like at Kohls.com with every click of mouse.
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