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Kohl's ends fiscal 2013 with 169 million dollars revenues

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REPORT_ Kohl’s Corporation has reported results for the quarter and fiscal year ended February 1, 2014. During this 53rd week, total sales were 169 million dollars; net income was 15 million dollars and diluted earnings per share stood at 0.06 dollars. Its comparable store sales

in 2013 were up 1.2 percent, whereas fourth quarter comparable sales were up 2 percent.


Kevin Mansell, Kohl’s chairman, President and Chief Executive Officer, said, “We were pleased with our sales during the November and December holiday season as the customer

responded favorably to our merchandise and values. Despite increased shipping costs related to our e-commerce business, we were able to achieve our gross margin guidance for the quarter. We believe our inventory levels and assortment are well-positioned as we transition into the spring season.”

On February 26, 2014 Kohl's Board of Directors declared a quarterly cash dividend on the Menomonee Falls-based company's common stock of 0.39 dollars per share, an increase of 11 percent over its previous dividend. Kohl’s ended the quarter with 1,158 stores in 49 states, compared with 1,146 stores at the same time last year. During 2013, the company opened 12 new stores and completed 30 remodels.

The company issued its initial guidance for fiscal 2014. Based on assumptions of total sales increases of 0.5 percent to 2.5 percent and comparable sales increases of 0 to 2 percent, the company expects earnings per diluted share of 4.05 dollars to 4.45 dollars for the year.

Kohl's
Kohl's Corporation