Apparel & footwear retailer Ross Dec stores sales up 16%

06 Jan '06
2 min read

Branded apparel, accessories and footwear provider Ross Stores Inc reported that sales grew 16 percent to $672 million for the five weeks ended December 31, 2005, compared to $579 million for the five weeks ended January 1, 2005.

December comparable store sales grew 6 percent over the prior year period.

For the 48 weeks ended December 31, 2005, sales rose 16 percent to $4.655 billion, compared to $3.998 billion for the 48 weeks ended January 1, 2005. Comparable store sales for the same year-to-date period rose 6 percent.

In commenting, Michael Balmuth, Vice Chairman, President and Chief Executive Officer, said, "They are pleased to report that December same store sales performed ahead of their earlier guidance of up 1 percent to 2 percent.

Juniors and Shoes remained the top performing merchandise departments, while the Southwest continued to be the strongest geographic region.

Looking ahead, they continue to forecast same store sales gains of 3 percent to 4 percent in January and now project that earnings per share for the 13 weeks ending January 28, 2006 will be slightly ahead of the high end of their previously projected range of $.44 to $.47.

This compares to earnings per share of $.35 for the 13 weeks ended January 29, 2005."

A transcript of these comments also will be made available on the press release page of the Company's website.

Ross Stores Inc, a Fortune 500 and Nasdaq 100 (ROST) company headquartered in Pleasanton, California, is the nation's second largest off-price company with fiscal 2004 revenues of $4.2 billion.

As of December 31, 2005, the Company operated 715 Ross stores and 20 dd's DISCOUNTS locations, compared to 642 Ross stores and 10 dd's DISCOUNTS locations at the end of the same period last year.

Ross Stores offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entire family at everyday savings of 20 to 60 percent off department and specialty store regular prices.

Ross Stores Inc

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