Kohl's Corp reported sales during the five-week period ended Jan. 5 increased 5.9%. On a comparable store basis, December sales increased 3.9%. Year to date, total sales increased 7.2% and comparable store sales increased 4.6%.
Kevin Mansell, Kohl's chairman, president and chief executive officer, commented, “We are pleased with our December comp sales performance, especially given the strong performance in December 2009. The Southeast region again reported the strongest comp sales for the month, followed by the Mid-Atlantic and Northeast regions. We are also pleased with our E-Commerce business, as significant investments in IT and distribution helped us achieve a 66 percent increase in sales this month. All lines of business reported positive comparable store sales for the month. Footwear, Men's and Accessories outperformed the company on a comparable store sales basis.”
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% Change | ||||||||||||||
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Total Sales |
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Total Sales | Comparable Sales | |||||||||||||
| ($ in millions) |
|
This Year |
Last Year |
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This Year |
Last Year |
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This Year |
Last Year |
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December |
|
$ |
3,192 |
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$ |
3,014 |
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5.9 |
% |
|
8.8 |
% |
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3.9 |
% |
|
4.7 |
% |
Quarter-to-date |
|
|
5,214 |
|
|
4,884 |
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6.7 |
|
|
8.2 |
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|
4.8 |
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4.2 |
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Year-to-date |
|
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17,566 |
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|
16,380 |
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7.2 |
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4.5 |
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4.6 |
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0.2 |
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As a result of its quarter-to-date performance, the company now expects diluted earnings per share of $1.62 to $1.66 for the fourth quarter and $3.61 to $3.65 for fiscal 2010 versus its previous guidance of $1.58 to $1.66 for the fourth quarter and $3.57 to $3.65 for fiscal 2010.
The company operates 1,089 stores in 49 states, compared to 1,059 stores at the same time last year.
