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.
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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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($ in millions)
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2012
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2011
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2012
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2011
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2012
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2011
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September
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$
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1,608
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$
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1,631
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(1.4
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%)
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5.8
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%
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(2.7
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%)
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4.1
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%
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Quarter to Date
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$
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3,097
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$
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3,045
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1.7
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%
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3.0
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%
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0.2
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%
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1.2
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%
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Year to Date
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$
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11,545
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$
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11,455
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0.8
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%
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3.3
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%
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(0.9
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%)
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1.5
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%
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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.
