Kohl's Corporation Reports September Comparable Store Sales

Kohl’s Corporation (NYSE: KSS) reported today that for the five-week month ended September 29, 2012 total sales decreased 1.4 percent and comparable store sales decreased 2.7 percent from the five-week month ended October 1, 2011. Quarter to date, total sales increased 1.7 percent and comparable store sales increased 0.2 percent. Year to date, total sales increased 0.8 percent and comparable store sales decreased 0.9 percent.
               

% Change

Total Sales

Total Sales
      Comparable Sales
($ in millions)

2012
   

2011

2012
   

2011

2012
   

2011
September $ 1,608 $ 1,631 (1.4 %) 5.8 % (2.7 %) 4.1 %
Quarter to Date $ 3,097 $ 3,045 1.7 % 3.0 % 0.2 % 1.2 %
Year to Date $ 11,545 $ 11,455 0.8 % 3.3 % (0.9 %) 1.5 %
 

The Company opened 12 new stores in September 2012 and now operates 1,146 stores in 49 states, compared to 1,127 stores at the same time last year.

The Company remains comfortable with its previous guidance of $0.83 to $0.89 per diluted share for the fiscal third quarter.

Comments regarding the Company’s sales results will be provided in a pre-recorded telephone message, which will be available from 8:30 am ET on Thursday, October 4, 2012 until 8:30 pm ET on Friday, October 5, 2012. The toll-free, dial-in number for the replay is (888) 360-2596. (No pass code is required.)

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Kohl's intends forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “anticipates,” “plans,” or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause Kohl's actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to those described in Item 1A in Kohl’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in Kohl's filings with the SEC.

About Kohl’s

Based in Menomonee Falls, Wis., Kohl’s (NYSE: KSS) is a family-focused, value-oriented specialty department store offering moderately priced, exclusive and national brand apparel, shoes, accessories, beauty and home products in an exciting shopping environment. With a commitment to environmental leadership, Kohl’s operates 1,146 stores in 49 states. In support of the communities it serves, Kohl’s has raised more than $208 million for children’s initiatives nationwide through its Kohl’s Cares® cause merchandise program, which operates under Kohl's Cares, LLC, a wholly-owned subsidiary of Kohl's Department Stores, Inc. For a list of store locations and information, or for the added convenience of shopping online, visit  www.Kohls.com, or join the discussion on Facebook http://www.facebook.com/kohls or Twitter  http://twitter.com/Kohls.

Copyright Business Wire 2010

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