Kohl's 2006 Annual Report Download - page 3

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Financial Highlights
(dollars in millions)
2006 2005
Net Sales $15,544 $ 13,402 up 16 %
Gross Margin $ 5,654 $ 4,763 up 19 %
Percent of Sales 36.4 % 35.5 % up 0.9 %
SG&A $ 3,401 $ 2,964 up 15 %
Percent of Sales 21.9 % 22.1 % down 0.2 %
Operating Income $ 1,815 $ 1,416
Percent of Sales 11.7 % 10.6 % up 1.1 %
Net Income $ 1,109 $ 842 up 32 %
Percent of Sales 7.1 % 6.3 % up 0.8 %
Results
Kohl’s mission is to be the
leading family-focused,
value-oriented specialty
department store offering
quality exclusive and national
brand merchandise to the
customer in an environment
that is convenient, friendly
and exciting.
Kohl’s operates from coast
to coast. At the end of fi scal
2006, we served customers in
45 states through 817 stores
and Kohls.com.
Company Profi le
Net Income
(in millions of dollars)
Net Sales
(in millions of dollars)
(1) Compounded Annual Growth Rate.
$7,489
$9,120
$13,402
$15,544
$11,701
15.7% CAGR
(1)
2001 2002 2003 2004 2005 2006
$10,282
2001 2002 2003 2004 2005 2006
$601
$546
$842
$1,109
$703
19.3% CAGR
(1 )
$458
1
up 28 %