Kohl’s April Comps Climb 8.0%

Kohl's Corporation reported that sales for the four-week period ended April 30, 2005 increased 18.7% over the four-week period ended May 1, 2004. On a comparable store basis, sales increased 8.0%.

For the first quarter ended April 30, 2005, total sales were up 15.2% over the quarter ended May 1, 2004. On a comparable store basis, sales for the fiscal quarter increased 3.7%. The Company remains comfortable with its previous earnings guidance for the first quarter of fiscal 2005 of $0.35 to $0.37 per diluted share.

 

                                  Sales Summary
                                ($ in millions)
               Fiscal Period Ended          % Inc.(dec.)  - This Year
           -----------------------------   ---------------------------
                April 30,       May 1,             All           Comp
                   2005          2004             Stores        Stores
           -------------- --------------   -------------- ------------

April             $938.7        $790.8             18.7%          8.0%
YTD             $2,742.8      $2,380.2             15.2%          3.7%

On April 7th, the Company successfully opened 17 new stores, including its entry into the Buffalo, New York market with three stores; four additional stores each in the Northeast, Southeast, and Midwest regions and one additional store each in the Mid-Atlantic and South Central regions.

On May 5, 2005, the Company operated 669 stores in 40 states, compared with 589 stores in 38 states at the same time last year.