Kohl's Corporation Reports November/December Sales and Increases 2018 Diluted Earnings Per Share Guidance

Kohla??s Corporation (NYSE:KSS) today reported comparable sales for
November and December 2018 combined (the "Holiday perioda??). On a shifted
basis, which compares the nine weeks ended January 5, 2019 and January
6, 2018, comparable sales for the Holiday period increased 1.2%

"We are delighted with our 1.2% shifted comparable sales increase for
the Holiday period, which builds on the positive momentum we have
achieved throughout the year,a?? said Michelle Gass, Kohla??s chief
executive officer. "The organization once again delivered a very strong
holiday that topped last yeara??s exceptional holiday season. The strong
performance we achieved this holiday reflects the compelling product
offering, great marketing strategy, and consistent execution in stores
and online. We are particularly pleased with the positive transaction
growth and the double-digit digital growth we experienced this holiday,
as our customers continue to embrace the omnichannel investments we are

Gass continued, "I want to thank all of our teams across the Company who
created and executed a great holiday plan and a wonderful experience for
our customers.a??

Earnings Guidance

Based on the strong Holiday sales performance, the Company now expects
its fiscal 2018 diluted earnings per share to be $5.50 to $5.55,
compared to its prior guidance of $5.35 to $5.55. This guidance excludes
the debt extinguishment charge of $42 million, or $0.19 per diluted
share, which was recorded in the first quarter of fiscal 2018. It also
excludes other non-recurringA charges the Company anticipates
recordingA related to the voluntary debt redemption announced in December
2018 andA actions to be taken in the fourth quarter as part of the
Company's operational excellence initiatives.
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