Kohl's Corporation Provides Fourth Quarter Update

  Kohl's Corporation Provides Fourth Quarter Update

Business Wire

MENOMONEE FALLS, Wis. -- February 6, 2014

Kohl’s Corporation (NYSE: KSS) today provided a fourth quarter update
including comparable store sales results and updated guidance for its fourth
quarter and fiscal year 2013.

Comparable store sales for the quarter decreased 2.0 percent. The Company was
pleased with the 0.8 percent increase in its combined November and December
comparable store sales. January sales were significantly lower than planned as
a result of lower traffic and low levels of clearance merchandise.
Unanticipated expenses in servicing its E-Commerce business led to higher than
expected costs for the quarter. As a result of these expenses, the Company is
lowering its fourth quarter diluted earnings per share estimates from $1.59 to
$1.74 to approximately $1.53. Fiscal 2013 diluted earnings per share are now
expected to be approximately $4.03, compared to previous guidance of $4.08 to
$4.23.

The Company will release its detailed report on the fourth quarter and full
year as scheduled on February 27, 2014. Additional details on the Company’s
performance and initial guidance for fiscal 2014 will be provided at that
time.

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. 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. With a commitment to
environmental leadership, Kohl’s operates 1,158 stores in 49 states. In
support of the communities it serves, Kohl’s has raised more than $231 million
for children’s initiatives nationwide through its Kohl’s Cares® cause
merchandise 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, join the discussion on Facebook (http://www.facebook.com/Kohls)
or Twitter (http://twitter.com/Kohls) or get inspired on Pinterest
(http://pinterest.com/Kohls) and Instagram (http://instagram.com/Kohls).

Contact:

Kohl’s Corporation
Investor Relations:
Wes McDonald, Senior Executive Vice President and Chief Financial Officer
(262) 703-1893
or
Joanne Crevoiserat, Executive Vice President – Finance
(262) 703-2945
or
Media:
Jen Johnson, Director – Public Relations
(262) 703-5241
 
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