Kohl's Corporation sales for the four-week period ended October 30, 2004 increased 16.4% over the four-week period ended November 1, 2003. On a comparable store basis, sales increased 6.0%.
For the quarter ended October 30, 2004, total sales increased by 14.6 percent while comparable store sales increased 1.2 percent. For the 39 weeks ended October 30, 2004, total sales were up 13.4 percent while comparable store sales were flat.
The company expects third quarter earnings to be $0.41 to $0.42 per diluted share, within its previous guidance of $0.41 – $0.44 per diluted share.
Sales Summary
($ in millions)
Fiscal Period Ended % Inc. - This Year
----------------------- -----------------------
October 30, November 1, All Comp
2004 2003 Stores Stores
----------- ----------- ----------- -----------
October $ 958.2 $ 823.1 16.4% 6.0%
Third Quarter $2,743.9 $2,394.0 14.6% 1.2%
Year-to-Date $7,621.9 $6,720.2 13.4% 0.0%
The Company opened 41 stores during the month of October. New markets were the San Francisco, CA market with 11 stores; the Salt Lake City, UT market with five stores; the Rochester, NY market with three stores; the Portland, ME market with two stores; the Reno, NV market with two stores and the Montgomery, AL market with one store. In addition, the Company added five stores in the Southwest region, four stores in the Midwest region, four stores in the Northeast region, three stores in the South Central region and one store in the Southeast region.
