Kohl’s Corporation's total sales for the four-week month ended Jan. 29, 2011 increased 3.4% over the four-week month ended Jan. 30, 2010. On a comparable store basis, January sales increased 1.4%. For the full year, total sales increased 7.1% and comparable store sales increased 4.4%.
Kevin Mansell, Kohl’s chairman, president and chief executive officer, commented, “January’s sales results benefitted from continued strength in our e-commerce business as sales increased 60 percent over last year. The Midwest region reported the strongest comp sales for the month on a regional basis, with the Northeast region being most affected by snowstorms during the month. From a line-of-business perspective, Men’s and Home outperformed the company on a comparable store sales basis.”
% Change | ||||||||||||||||||
Total Sales | Total Sales | Comparable Sales | ||||||||||||||||
| ($ in millions) | This Year | Last Year | This Year | Last Year | This Year | Last Year | ||||||||||||
| January | $ | 825 | $ | 798 | 3.4 | % | 10.7 | % | 1.4 | % | 6.5 | % | ||||||
| Quarter | 6,038 | 5,682 | 6.3 | 8.5 | 4.3 | 4.5 | ||||||||||||
| Year | 18,391 | 17,178 | 7.1 | 4.8 | 4.4 | 0.4 | ||||||||||||
As a result of its January performance, the company now expects diluted earnings per share of $1.65 to $1.66 for the fourth quarter and $3.64 to $3.65 for fiscal 2010 versus its previous guidance of $1.62 to $1.66 for the fourth quarter and $3.61 to $3.65 for fiscal 2010.
The company operates 1,089 stores in 49 states, compared to 1,058 stores at the same time last year.
