Kohl's 2002 Annual Report Download - page 4

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1
Another Record Year
In a challenging retail and economic environment, we
demonstrated our ability to deliver both top and bottom
line results. Total sales increased 21.8% over the prior
year, while comparable store sales increased 5.3%.
Operating income increased 28.3% and the operating
margin reached an all-time high of 12.0% of sales.
Bottom line, net income increased 29.8% over last year.
This follows six consecutive years of earnings growth
in excess of 30%.
Over the past five years, Kohl’s sales have increased
24.4% on a compounded annual growth rate. At the same
time, net income has grown 35.5% on a compounded
annual growth rate.
Kohl’s record of consistently strong financial perform-
ance provides a solid foundation for our future growth.
*Compounded annual growth rate.
UP 22%
UP 28%
UP 30%
UP 29%
UP 21%
Net Sales
(In millions of dollars)
Operating Income
(In millions of dollars)
Net Income
(In millions of dollars)
Diluted Net
Income Per Share
Total Square Feet
of Selling Space
(At year end in thousands)
2002
$9,120
$1,090
$643
$1.87
34,507
2001
$7,489
$850
$496
$1.45
28,576
24.4%
CAGR*
$3,682
$3,060
$4,557
$6,152
$7,489
$9,120
0100999897 02 0100999897 02
$192
$141
$258
$372
$496
$643
35.5%
CAGR*
Net Income
(In millions)
Net Sales
(In millions)