-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TvBoEM/v6OD8iZcluqP23c6OzfCqc9hMg7OBeGGC5JY3vdW2QRRwko1+RpO4YT49 2RCGVAMXtGaWZagb0cSSWw== 0000892712-09-000517.txt : 20090507 0000892712-09-000517.hdr.sgml : 20090507 20090507091702 ACCESSION NUMBER: 0000892712-09-000517 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090507 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090507 DATE AS OF CHANGE: 20090507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KOHLS CORPORATION CENTRAL INDEX KEY: 0000885639 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 391630919 STATE OF INCORPORATION: WI FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11084 FILM NUMBER: 09803714 BUSINESS ADDRESS: STREET 1: N56 W17000 RIDGEWOOD DR CITY: MENOMONEE FALLS STATE: WI ZIP: 53051 BUSINESS PHONE: 4147835800 MAIL ADDRESS: STREET 1: N54 W13600 WOODALE DR CITY: MENOMONEE FALLS STATE: WI ZIP: 53051 8-K 1 kss8ksales.htm


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549


FORM 8-K


CURRENT REPORT




Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):  May 7, 2009



KOHL’S CORPORATION

(Exact name of registrant as specified in its charter)



      Wisconsin      

    1-11084   

      39-1630919      

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)


N56 W17000 Ridgewood Drive
        Menomonee Falls, Wisconsin             

 


   53051  

(Address of principal executive offices)

 

(Zip Code)

 

 

 


Registrant’s telephone number, including area code:  (262) 703-7000


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





The information in this report, including the exhibit attached hereto, is furnished solely pursuant to Item 2.02 of this Form 8-K.  Consequently, it is not deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section.  Further, the information in this report, including the exhibit, shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933.


Item 2.02

Results of Operations and Financial Condition.


On May 7, 2009, Kohl’s Corporation issued a press release reporting its sales for the four-week period ended May 2, 2009 and providing earnings guidance for the first quarter of fiscal 2009.  A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.


Item 9.01.  Financial Statements and Exhibits.

(d)

Exhibits

 

Exhibit No.

Description



 


99.1

Press Release dated May 7, 2009




2




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Dated:  May 7, 2009

KOHL’S CORPORATION




By:  /s/ Richard D. Schepp                         

Richard D. Schepp

Executive Vice President,

General Counsel and Secretary




3


EXHIBIT INDEX



Exhibit No.

Description

 

 

99.1

Press Release dated May 7, 2009






4


EX-99.1 2 exh991.htm PRESS RELEASE

Exhibit 99.1


National & Retail Trades and First Call

For release: May 7, 2009 at 8:30 AM (EDT)



KOHL'S CORPORATION REPORTS APRIL COMPARABLE STORE SALES

Raises First Quarter Earnings Guidance


MENOMONEE FALLS, WI, -- (Business Wire) – May 7, 2009 -- Kohl’s Corporation (NYSE: KSS) reported today that total sales for the four-week month ended May 2, 2009 decreased 2.3 percent from the four-week month ended May 3, 2008.  On a comparable store basis, sales decreased 6.2 percent.  

For the quarter and year-to-date period, total sales increased 0.4 percent and comparable store sales decreased 4.2 percent.  


Kevin Mansell, Kohl’s president and chief executive officer, commented, Sales results for April exceeded our expectations.  Childrens outperformed the Company from a line-of-business perspective and the Southwest was our strongest performing region. As a result of our sales results and inventory management initiatives, our gross margin for the quarter was stronger than planned and our expenses remained well controlled.  We now expect earnings of $0.43 to $0.44 per diluted share for the first quarter of fiscal 2009, exceeding our previous guidance of $0.27 to $0.34 per diluted share."

 


 

Fiscal Period Ended

% Change This Year

 

May 2,

May 3,

All

Comp

($ in millions)

2009

2008

Stores

Stores

April

$  1,199

$  1,227

-2.3%

-6.2%

Quarter and

 

 

 

 

Year-to-Date

3,638

3,624

0.4

-4.2


As of May 2, 2009, the Company operated 1,022 stores in 49 states, compared to 957 in 47 states at the same time last year.  

Comments regarding the Company’s sales results will be provided in a pre-recorded telephone message, which will be available for 36 hours, from 8:30 AM EDT on Thursday, May 7, until 8:30 PM EDT on Friday, May 8, 2009.  The toll-free, dial-in number for the replay is (888) 360-2596. (No pass code is required.)

First Quarter 2009 Earnings


The Company will report earnings for the first quarter of 2009 at 7:00 AM EDT on Thursday, May 14th.  Investors will have an opportunity to listen to the first quarter earnings conference call at 8:30 AM EDT on May 14 by dialing (706) 902-0486, using Conference ID 97739749.  A replay of the call will also be accessible from 9:20 AM EDT on May 14 until Midnight EDT on June 14, 2009.  To listen to the replay, dial (706) 645-9291, and use Conference ID 97739749


In addition, the call will be web cast live over the Internet through the Company's web site located at http://www.kohlscorporation.com/InvestorRelations/event-calendar.htm. To participate in the conference, register at http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=60706&eventID=2199488 at least ten minutes prior to the call to download and install any necessary audio software.  The web cast will be available for 30 days.





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, including guidance on the Company’s targeted sales and earnings.  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.  Kohl’s operates 1,022 stores in 49 states. A company committed to the communities it serves, Kohl’s has raised more than $126 million for children’s initiatives nationwide through its Kohl’s Cares for Kids® philanthropic 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.


Investor Relations:  Wes McDonald, Chief Financial Officer, (262) 703-1893

Media:  Vicki Shamion, Vice President – Public Relations, (262) 703-1464






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