KOHLíS CORPORATION reports July comparable store sales
MENOMONEE FALLS, WI. ó Kohlís Corporation (NYSE: KSS) reported today that sales for the four-week period ended August 4, 2007 increased 7.7 percent over the four-week period ended July 29, 2006. On a comparable store basis, sales were flat to last year.
For the 26 weeks ended August 4, 2007, total sales were up 10.2 percent over the 26 weeks ended July 29, 2006. On a comparable store basis, sales for the 26-week period increased 2.5 percent.
Larry Montgomery, Kohlís chairman and chief executive officer, commented, ďWe were disappointed in the performance of seasonal businesses such as shorts, tees, and tanks, which experienced declines on a comparable store basis. Early reads on important back-to-school businesses such as childrenís, young menís and juniorsí look promising. We continue to experience strong gross margin performance and expect our second quarter earnings to be within the range of our previous guidance of $0.81 to $0.85 per diluted share.Ē
On August 4, 2007, the Company operated 834 stores in 46 states, compared to 749 in 43 states at the same time last year.
Second Quarter Earnings Release
Kohlís Corporation will release its second quarter earnings report on August 16, 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: 3406251) 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 August 16 through midnight September 14, 2007, by dialing (719) 457-0820 (Pass Code: 3406251).
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=vlllrcrxrdzvsnsns. 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.
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