Kohl's Corporation reported that for the four-week month ended Oct. 29 total sales increased 5.6 percent and comparable store sales increased 3.9 percent over the year-ago month.
Year to date, total sales increased 3.5 percent and comparable store sales increased 1.7 percent.
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% Change
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Total Sales
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Total Sales
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Comparable Sales
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2011
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2010
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2011
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2010
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2011
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2010
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October |
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$ |
1,330 |
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$ |
1,260 |
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5.6% |
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(1.0)% |
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3.9% |
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(2.5)% |
Quarter |
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4,375 |
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4,218 |
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3.7 |
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4.1 |
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2.0 |
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1.8 |
Year to date |
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12,785 |
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12,353 |
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3.5 |
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7.4 |
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1.7 |
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4.4 |
Kevin Mansell, Kohl’s chairman, president and chief executive officer, commented, “We are pleased with the continued improvement in our sales results. Customers have responded favorably to our newest brands, Jennifer Lopez and Mark Anthony, as well as to our marketing initiatives. As we enter the important fourth quarter, we plan to continue our investment in marketing, especially digital and broadcast, to drive customer traffic and broaden our reach.”
The company operates 1,127 stores in 49 states, compared to 1,089 stores at the same time last year.
The company now expects its third quarter earnings to be at the high end of its previous guidance of 73 to 79 cents per diluted share.
