Kohls Corporation sales for the month of October, 2007 increased 1.6% over 2006. On a comparable store basis, sales decreased 3.8%. Based on Octobers results, the Company expects its third quarter earnings to be 59 cents to 60 cents per diluted share.
For the quarter ended November 3, 2007, total sales increased 4.8% while comparable store sales decreased 2.6%. For the 39 weeks ended November 3, 2007, total sales were up 8.3% while comparable stores sales increased 0.7%.
Larry Montgomery, Kohls Chairman and Chief Executive Officer, commented, “Sales in weather-sensitive businesses such as outerwear, fleece, and sweaters experienced significant declines on a comparable store basis, contributing to our sales shortfall.”
