Department store chain Kohl's Corporation reported that sales for the four-week period ended January 28, 2006 increased 13.3 percent over the four-week period ended January 29, 2005.
On a comparable store basis, sales increased 2.0 percent.
For the 13 weeks ended January 28, 2006 total sales increased 14.1 percent over the 13 weeks ended January 29, 2005.
On a comparable store sales basis, sales increased 2.7 percent.
For the 52 weeks ended January 28, 2006, total sales increased 14.5 percent while comparable store sales increased 3.4 percent.
The Company is comfortable with the current First Call consensus earnings estimate of $1.07 per diluted share.
Fourth Quarter Earnings Release
Kohl's Corporation will release its fourth quarter earnings report on February 23, 2006 at 4:00 PM (EST).
A conference call is scheduled at 5:00 PM (EST).
The call will be web cast live over the Internet through the Company's web site a replay will be available shortly after the call, and will be available until March 23, 2006.
On January 28, 2006, the Kohl's operates 732 stores in 41 states, compared with 637 stores in 40 states at the same time last year.
The Company continues to expect to add 500 stores by the end of fiscal 2010 and is targeting opening 200 stores in the next two years.
The Company plans to open approximately 70-80 stores in fiscal 2006 with approximately 17 stores opening during the first quarter, including its entry into the Pacific Northwest in the Portland, OR market.
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