Specialty retailer Ross Stores same store sale grow 9%
03 Feb '06
3 min read
Branded apparel, accessories and footwear provider Ross Stores Inc reported that sales grew 19 percent to $289 million for the four weeks ended January 28, 2006, from $242 million in sales for the four weeks ended January 29, 2005.
Same store sales for the month increased 9 percent over the prior year.
For the 13 weeks ended January 28, 2006, sales increased 16 percent to $1.411 billion, from $1.212 billion in sales for the 13 weeks ended January 29, 2005.
Comparable store sales for the fourth quarter of 2005 increased 6 percent over the prior year.
For the 52 weeks ended January 28, 2006, sales grew 17 percent to $4.944 billion, from $4.240 billion in sales for the 52 weeks ended January 29, 2005.
Same store sales for fiscal 2005 increased 6 percent over the prior year.
Estimated Results for Fourth Quarter and Fiscal 2005
Michael Balmuth, Vice Chairman, President and Chief Executive Officer, commented that "Their January sales results were well ahead of their expectation for a 3 percent to 4 percent increase in comparable store sales.
Merchandise trends during the month were broadbased, with particular strength in their Juniors and Shoes departments, while the Southwest and the mid-Atlantic were the top performing regions.
As a result, they now estimate that earnings per share for the 13 and 52 week periods ended January 28, 2006 will be about $.48 to $.49 and $1.35 to $1.36, respectively."