Kohl's Corporation sales for the four-week period ended July 30, 2005 increased 9.6% over the four-week period ended July 31, 2004. On a comparable store basis, sales decreased 0.5%.
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 $0.52 per diluted share.
Sales Summary
($ in millions)
Fiscal Period Ended % Inc. (Decr.) - This Year
------------------- ----------------------------
July 30, July 31, All Comp
2005 2004 Stores Stores
---- ---- ------ ------
July $ 846.2 $ 772.4 9.6% -0.5%
Second Quarter $ 2,888.1 $ 2,497.9 15.6% 5.1%
Year-To-Date $ 5,630.9 $ 4,878.0 15.4% 4.4%
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.
