Kohl's 2007 Annual Report Download - page 2

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C o m p a n y P r o fi l e
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 fiscal 2007, we served
customers in 929 stores in 47 states and on Kohls.com.
Net Income
(in millions of dollars)
1 Compounded Annual Growth Rate
Net Sales
(in millions of dollars)
12.4% CAGR1
’03 ’04 ’05 ’06 ’07
$16,474
$15,597
$13,444
$11,740
$10,312
18.7% CAGR1
’03 ’04 ’05 ’06 ’07
$546
$703
$1,109 $1,084
$842
Financial Highlights
(Dollars in millions, except per share amounts) 2007 2006 % Change
Net Sales $ 16,474 $ 15,597 +5.6%
Gross Margin $ 6,014 $ 5,675 +6.0%
Percent of Sales 36.5 % 36.4 % +0.1%
SG&A $ 3,697 $ 3,423 +8.0%
Percent of Sales 22.4 % 21.9 % +0.5%
Operating Income $ 1,804 $ 1,815 –0.6%
Percent of Sales 11.0 % 11.6 % –0.6%
Net Income $ 1,084 $ 1,109 –2.2%
Percent of Sales 6.6 % 7.1 % –0.5%
Earnings per Diluted Share $ 3.39 $ 3.31 +2.4%
COVER: Simply Vera Vera Wang