Kohls 2nd Qtr 2008 Earnings Easily Beats The Street

Kohl's Corporation Reports Earnings of $0.77 Per Diluted Share for Second Quarter of Fiscal 2008
Management Raises Fiscal 2008 Earnings Guidance

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Aug. 14, 2008--Kohl's Corporation (NYSE:KSS). Kohl's Corporation today reported results for the quarter and year-to-date periods ended August 2, 2008 and raised its fiscal 2008 earnings guidance.
Kohl's Corporation reported net income for the quarter ended August 2, 2008 of $236.0 million, or $0.77 per diluted share, compared with $269.2 million, or $0.83 per diluted share, a year ago. Net sales were $3.7 billion, an increase of 3.8 percent for the quarter. Comparable store sales for the quarter decreased 4.6 percent.

For the six months ended August 2, 2008, net income decreased 18.7 percent to $389.0 million, or $1.26 per diluted share, compared to $478.2 million, or $1.48 per diluted share, for the six months ended August 4, 2007. Net sales increased 2.6 percent to $7.3 billion from $7.2 billion a year ago. Comparable store sales decreased 5.6 percent for the same period.