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Shoes & accessories retailer Ross Stores posts positve growth in Oct

07 Nov '05
3 min read

They are implementing an aggressive shortage control program in an effort to lower future shrink-related expense over time to historical levels. Their current, preliminary estimate is that earnings per share for the 13 weeks ended October 29, 2005 will be in the range of $.25 to $.26, compared to $.25, as restated, for the 13 weeks ended October 30, 2004.'

The Company will report its fiscal 2005 third quarter results on Tuesday, November 15, 2005. In its earnings announcement for the third quarter, the Company also expects to provide sales and earnings projections for the fourth quarter ending January 28, 2006.

Ross Stores will report final results for the third quarter ended October 29, 2005 on Tuesday, November 15, 2005. The earnings press release will be issued at approximately 8:30 a.m. Eastern time. A conference call is scheduled to follow on the same date at 12:00 noon Eastern time to communicate additional details concerning the quarter's results and management's future outlook.

Nation's second largest off-price company California based Ross Stores Inc, a Fortune 500 and Nasdaq 100 (ROST) company with fiscal 2004 revenues of $4.2 billion. As of October 29, 2005, the Company operated 715 Ross stores and 20 dd's DISCOUNTS locations, compared to 641 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. dd's DISCOUNTS features a more moderately-priced assortment of first-quality, in-season, name brand apparel, accessories, footwear and home fashions for the entire family at everyday savings of 20 to 70 percent off moderate department and discount store regular prices.

Ross Stores Inc

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