Kohl's sales for the fiscal month ended October 28, 2006 increased 11.4% over the four-week period ended October 29, 2005. On a comparable store basis, sales increased 4.2%.
For the quarter ended October 28, 2006, total sales increased 16.6% while comparable store sales increased 8.5%. For the 39 weeks ended October 28, 2006, total sales were up 15.6% while comparable stores sales increased 6.9%.
Larry Montgomery, Kohl's chairman and chief executive officer, said, “We are pleased with our sales performance in October and for the third quarter. Once again, we exceeded our comparable store sales guidance of 2% to 4% for the quarter. We continue to see consistency in sales performance across all lines of business and in all regions of the Country. We believe we are well-positioned for the upcoming holiday season.”
Sales Summary
($ in millions)
Fiscal Period Ended % Inc. This Year
----------------------------- ---------- ----------
October 28, October 29, All Comp
2006 2005 Stores Stores
---------------- ------------ ---------- ----------
October $1,246.9 $1,119.6 11.4% 4.2%
Third Quarter $3,637.3 $3,119.4 16.6% 8.5%
Year-To-Date $10,113.4 $8,750.3 15.6% 6.9%
During the month of October, the Company opened sixty-five new stores in thirty states across the Country. This was the Company's largest one-day opening in its history. The Company will open three additional stores on November 9, 2006. On October 28, 2006, the Company operated 814 stores in 45 states, compared with 731 in 41 states at the same time last year.
