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Sales surge 13% to $9.7bn at Ross Stores in FY'13
08
Feb '13
Ross Stores, Inc. reported sales for the five weeks ended February 2, 2013 of $672 million, an increase of 39% over the $483 million in sales for the four weeks ended January 28, 2012. Same store sales for the four weeks ended January 26, 2013 grew 4% on top of a 5% gain for the four weeks ended January 28, 2012.

For the 14 weeks ended February 2, 2013, sales rose 15% to $2.761 billion, from $2.398 billion for the 13 weeks ended January 28, 2012.  Comparable store sales for the 13 weeks ended January 26, 2013 were up 5% over a 7% increase for the 13 weeks ended January 28, 2012.

For the 53 weeks ended February 2, 2013, sales grew 13% to $9.721 billion, compared to $8.608 billion in sales for the 52 weeks ended January 28, 2012.  Comparable store sales for the 52 weeks ended January 26, 2013 rose 6% on top of a 5% increase for the 52 weeks ended January 28, 2012.

Michael Balmuth , Vice Chairman and Chief Executive Officer, commented, "Sales for both January and the fourth quarter of fiscal 2012 were ahead of our expectations as we continue to drive solid revenue growth by offering terrific assortments of compelling name brand bargains that resonate with today's value-focused consumers."

Ross Stores


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