KOHLíS Corporation reports April comparable store sales
MENOMONEE FALLS, Wis.ó Kohlís Corporation (NYSE: KSS) reported today that sales for the four-week period ended May 5, 2007 decreased 3.8 percent over the four-week period ended April 29, 2006. On a comparable store basis, sales decreased 10.5 percent.
For the combined March/April period, total sales increased 11.4 percent and comparable store sales increased 3.7 percent. For the first quarter ended May 5, 2007, total sales were up 11.8 percent over the quarter ended April 29, 2006. On a comparable store basis, sales for the fiscal quarter increased 3.9 percent.
Larry Montgomery, Kohlís chairman and chief executive officer, commented, ďAs expected, Aprilís sales results were affected by the shift of Easter business into March and cooler weather. In the first quarter, expenses were well controlled and our inventory management initiatives continued to result in gross margin improvement. As a result, we are comfortable with the current First Call consensus of $0.62 per diluted share for the first quarter.Ē
On May 5, 2007, the Company operated 834 stores in 46 states, compared to 749 in 43 states at the same time last year.
Comments regarding the Companyís sales results will be provided in a pre-recorded telephone message, which will be available for 36 hours, beginning at 8:30 AM EDT on Thursday, May 10. The dial-in number for the replay is (719) 457-0820 (Pass Code: 4312340).
First Quarter Earnings Release
Kohlís Corporation will release its first quarter earnings report on May 17, 2007 at 4:00 PM EDT. A conference call is scheduled at 5:00 PM EDT. Investors will have the opportunity to listen to the conference call by dialing (913) 905-3179 (Pass Code: 7748592) ten minutes prior to the start of the call. A replay of the conference call will be accessible for 30 days, from 8 PM EDT May 17 through midnight June 15, 2007, by dialing (719) 457-0820 (Pass Code: 7748592).
In addition, the call will be web cast live over the Internet through the Companyís web site located at http://www.kohls.com (see ďInvestor RelationsĒ / ďCalendar of EventsĒ), or through Premiere Globalís web site at https://cis.premconf.com/sc/scw.dll/usr?cid=vlllrcrxrdsvsrlcs. To listen to the call, please go to either web site at least 15 minutes early to register, download, and install any necessary audio software. The web cast will be available for 30 days on both web sites.
Piper Jaffray Conference
Wes McDonald, Kohlís chief financial officer, will be presenting at the Piper Jaffray Consumer Conference at the St. Regis Hotel in New York City on June 7, 2007 at 1:30 PM EDT. To listen to the live web cast of the presentation, go to http://www.piperjaffray.com/conferences. After the completion of this conference, a full audio web cast will be available until July 7, 2007.
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