Kohl's 1998 Annual Report Download - page 2

Another great year for
We’ve Laid the Groundwork 2-3
Associates are the Key to
Our Success 4-5
We’re Expanding into
New Markets 6-7
Customers Like Our
Name Brands and Value 8-9
Financial and Operating Data 10-11
Corporate Information 12
Contents
Trifari, Napier and 1928
are just a few of the jew-
elry brand names cus-
tomers find at Kohl’s.
Net Sales Up 20%
(In millions of dollars)
1997 1998
$3,060.1 $3,681.8
Operating Income Up 31%
(In millions of dollars)
1997 1998
$258.8 $337.9
Net Income Up 36%
(In millions of dollars)
1997 1998
$141.3 $192.3
Diluted Net Income
Per Share Up 30%
1997 1998
$0.91 $1.18
Number of Stores Up 17%
1997 1998
182 213
Total Square Feet
of Selling Space Up 21%
(At year end in thousands)
1997 1998
12,533 15,111
Financial Highlights
$1,554
94 95 96 97 98
$1,926
$2,388
$3,060
$3,682
Net Sales
(In millions of dollars)
24.1% CAGR*
$124
$150
$189
$259
$338
94 95 96 97 98
Operating Income
(In millions of dollars)
Excludes non-recurring charges.
28.5% CAGR*
$69
$81
$102
$141
$192
94 95 96 97 98
29.2% CAGR*
Income
(In millions of dollars)
Excludes non-recurring charges.
Profile
As of April 1999, Kohl’s Corporation operates 226 family-oriented, special-
ty department stores across the Midwest and mid-Atlantic that feature
quality, national brand merchandise priced to provide exceptional value to
customers. The company’s stores sell moderately-priced apparel, shoes,
accessories and home products targeted to middle income customers
shopping for their families and homes.
* Compounded annual growth rate