KOHLíS CO. Reports May comparable store sales increase of 10.5 percent
MENOMONEE FALLS, Wis.-2007 ó Kohlís Corporation (NYSE: KSS) reported today that sales for the four-week period ended June 2, 2007 increased 18.5 percent over the four-week period ended May 27, 2006. On a comparable store basis, sales increased 10.5 percent.
For the 17 weeks ended June 2, 2007, total sales were up 13.4 percent over the 17 weeks ended May 27, 2006. On a comparable store basis, sales for the 17-week period increased 5.5 percent.
Larry Montgomery, Kohlís chairman and chief executive officer, commented, ďMay results were driven by broad-based strength in all of our apparel businesses, footwear and home. We continued our consistent performance as we achieved positive comparable sales increases in all regions.Ē
Mayís results were affected by a calendar shift of Memorial Day into fiscal May from fiscal June. As a result, the Company expects a decrease in June comparable store sales in the low-single digit range, implying a combined May/June comparable sales increase of 3% to 4%.
On June 2, 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, June 7. The dial-in number for the replay is (719) 457-0820 (Pass Code: 2684099).
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