Market Overview

Kohl's Corporation Reports November/December Sales and Increases 2017 Diluted Earnings Per Share Guidance


Kohl's Corporation (NYSE:KSS) today reported that its total and
comparable sales for November and December 2017 combined (the "Holiday
period") increased 6.9% over the same period last year.

Kevin Mansell, Kohl's chairman, chief executive officer and president,
said, "We are very pleased with our Holiday period sales, which were
consistently strong through November and December. All lines of business
and all regions reported positive comp sales. As expected, growth in
digital demand accelerated significantly in the Holiday period from the
year-to-date trend. In addition, we experienced positive sales in our
stores driven by stronger traffic. I'd like to thank every Kohl's
associate across the organization for their commitment to delivering an
outstanding Holiday experience for our customers."

Earnings Guidance

Based on stronger than expected Holiday sales and expectations for
fiscal January, the Company now expects its fiscal 2017 diluted earnings
per share to be $4.10 to $4.20 versus its previous guidance of $3.72 to
$3.92. Excluding the Company's previously disclosed fourth quarter tax
settlement of $30 million, diluted earnings per share is expected to be
$3.98 to $4.08, compared to its prior guidance of $3.60 to $3.80.

The Company continues to expect its fiscal 2017 gross margin rate to be
higher than the prior year and its SG&A, including the 53rd week, to
increase at the high end of its prior guidance of 0.5% - 2.0%.

The Company's guidance does not include the impact of recent changes in
federal tax legislation which are expected to have a positive impact on
the Company's effective tax rate and generate a favorable non-cash tax
benefit related to the re-measurement of deferred tax balances in 2017.

Fourth Quarter Earnings Release and Conference Call

On March 1, 2018, the Company will release its fourth quarter and fiscal
2017 results at 7:00 am ET and host its quarterly earnings conference
call at 8:30 am ET.

ICR Conference

Mr. Mansell will deliver a keynote presentation on Tuesday, January 9 at
12 pm ET at the 2018 ICR Conference in Orlando, Florida. Mr. Mansell
will provide a business update, outline progress on the Company's
priorities of driving traffic and operational excellence, and discuss
how Kohl's is investing in stores and other long-term initiatives to be
a best-in-class omnichannel retailer. The presentation will be webcast
live and presentation materials will be archived via the Company's web
site at

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Kohl's
intends forward-looking terminology such as "believes," "expects,"
"may," "will," "should," "anticipates," "plans," or similar expressions
to identify forward-looking statements. Such statements are subject to
certain risks and uncertainties, which could cause Kohl's actual results
to differ materially from those anticipated by the forward-looking
statements. These risks and uncertainties include, but are not limited
to, those described in Item 1A in Kohl's Annual Report on Form 10-K,
which is expressly incorporated herein by reference, and other factors
as may periodically be described in Kohl's filings with the SEC.

About Kohl's

Kohl's (NYSE:KSS) is a leading omnichannel retailer with more than
1,100 stores in 49 states. With a commitment to inspiring and empowering
families to lead fulfilled lives, Kohl's offers amazing national and
exclusive brands, incredible savings and an easy shopping experience in
our stores, online at
and on Kohl's mobile app. Throughout its history, Kohl's has given
nearly $600 million to support communities nationwide. For a list of
store locations or to shop online, visit
For more information about Kohl's impact in the community and how to
join our winning team, visit

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