Kohl's Corporation reported that sales for the four-week period ended November 26, 2005 increased 10.9% over the four-week period ended November 27, 2004. On a comparable store basis, sales decreased 0.1%.
For the 43 weeks ended November 26, 2005 total sales were up 14.2% while comparable store sales increased 3.4%.
Larry Montgomery, Kohl's chairman and chief executive officer, commented, “Although we were disappointed with the overall level of sales in November, the last ten days of the month were strong, including the two post-Thanksgiving days. This fact, along with the extra selling day before Christmas, gives us confidence that sales will improve significantly in December. We continue to believe we can achieve a mid-single digit comparable store sales increase for the fourth quarter and are maintaining our guidance for earnings per diluted share of $1.10 to $1.14.”
Sales Summary
($ in millions)
Fiscal Period Ended % Inc. (decr.) - This Year
--------------------------- ---------------------------
Nov. 26, Nov. 27, All Comp
2005 2004 Stores Stores
------------- ------------ ------------ -------------
November $1,493.7 $1,346.5 10.9% -0.1%
Year-To-Date $10,243.9 $8,968.4 14.2% 3.4%
On November 26, 2005, the Company operated 732 stores in 41 states, compared with 637 stores in 40 states at the same time last year.
