Kohl’s Corp. reported sales for the four-week month ended Oct. 31, 2009 increased 4.9%. On a comparable store basis, sales increased 1.4%.
Total year-to-date sales were up 3.1% over the comparable prior year period. On a comparable store basis, year-to-date sales decreased 1.3%.
Kevin Mansell, Kohl’s chairman, president and chief executive officer, commented, “October’s sales results reflected our fourth consecutive month of positive comparable store sales, an indication of our consistent gains in market share. The Southwest region and the Home business were the strongest performers in terms of comparable store sales increases.”
As a result of October’s sales performance and strong inventory and expense management, the Company is raising its third quarter earnings per share guidance to $0.60 to $0.61 per diluted share from $0.52 to $0.54 per diluted share. Last year’s third quarter earnings were $0.52 per diluted share.
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Fiscal Period Ended |
% Change |
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Oct. 31, |
Nov. 1, |
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All |
Comp |
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($ in millions) |
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2009 |
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2008 |
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Stores |
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Stores |
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Month |
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$ |
1,273 |
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$ |
1,213 |
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4.9 |
% |
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1.4 |
% |
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Quarter |
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4,051 |
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3,804 |
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6.5 |
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2.4 |
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Year-to-date |
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11,496 |
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11,153 |
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3.1 |
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-1.3 |
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As of October 31, 2009, the company operates 1,059 stores in 49 states, compared to 1,004 in 48 states at the same time last year.
