Home / Knowledge / News / Fashion / Ross Stores raises Q1 outlook

Ross Stores raises Q1 outlook

Apr '08
Ross Stores Inc reported that sales increased 6% to $633 million for the five weeks ended April 5, 2008, from $599 million for the five weeks ended April 7, 2007. Comparable store sales for the month declined 2% on top of a 6% gain in March 2007.

For the nine weeks ended April 5, 2008, sales totaled $1.077 billion, an 8% increase over the $994 million in sales for the nine weeks ended April 7, 2007. Comparable store sales for the nine weeks ended April 5, 2008 grew 1% over the prior year period.

Michael Balmuth, Vice Chairman, President and Chief Executive Officer, commented, "March same store sales were ahead of our expectation for a 4% to 5% decline, with the month benefiting from broad-based merchandise and geographic trends. Dresses, Shoes and Home were the best performing merchandise categories, and Texas and the Mid-Atlantic were the strongest markets."

Looking ahead, Mr. Balmuth said, "We are pleased with our better-than-expected performance in both February and March and continue to project a 7% to 8% increase in same store sales for April, which benefits from the Easter calendar shift.

Assuming that April sales perform in line with our forecast, and with favorable margin and expense trends for the first two months of the quarter, we now project that earnings per share for the 13 weeks ending May 3, 2008 will be $.56 to $.58, above our prior $.52 to $.54 range, and compared to $.48 for the quarter ended May 5, 2007."

Ross Stores Inc

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 26th Nov 2020

Bangladesh wants duty-free entry of 42 products into Nepal

Bangladesh has sought duty-free entry of 42 products, including...

Pic: Shutterstock

Textiles | On 26th Nov 2020

Curbs on exports to China may cripple Oz wool industry

The Australian wool industry may witness a crippling effect of...

Pic: Shutterstock

Retail | On 26th Nov 2020

BRC hails UK govt decision to open all retail after Dec 2

In response to Prime Minister Boris Johnson's announcement that all...

Interviews View All

Headhonchos, Textiles & allied industry

Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Headhonchos, Indian textile value chain

Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Smita Murarka, Amanté

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Dejan Lalevic,

Dejan Lalevic

Mesdan SPA, a subsidiary of Italian firm Savio Macchine Tessili,...

Davide Maccabruni,

Davide Maccabruni

Schärer Schweiter Mettler (SSM) manufactures and supplies textile...

Matthias Eilert,

Matthias Eilert

Germany-based Forbo Movement Systems division is a global leader in...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search