Ross Stores to acquire 46 store sites from Albertsons
11 Oct '06
2 min read
The impact to earnings per share is projected to be relatively neutral in the current year and slightly accretive in fiscal 2007.
As these stores are planned to be open for less than a full fiscal year in 2007, their forecasted sales and gross margin are expected to be partially offset by occupancy expenses to be incurred during the pre-opening construction period of the sites.
The Company is projecting attractive rates of contribution to earnings and cash flow from the acquired locations beginning in 2008 and beyond.
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