Ross Stores Reported Sales Increase of 14%, Same Store Sales Up 9% In October (ROST)

Thu. November 05, 2009; Posted: 12:59 PM

Nov 05, 2009 (SmarTrend(R) News Watch via COMTEX) -- ROST | Quote | Chart | News | PowerRating -- 11/5/2009 - Ross Stores, Inc. (NASDAQ:ROST) reported that sales for October increased 14% to $557 million and same stores sales for the month rose 9%. The company reported Q3 sales of $1.744 billion, up 12% year-over-year. Comparable sales for the quarter were up 8% on top of flat same stores sales in the prior year period. Vice Chairman and CEO Michael Balmuth said, "We are very pleased with our October and third quarter performance, as both sales and margins were well ahead of our expectations. Merchandise and geographic sales trends during the month were relatively broad-based. Shoes, Dresses and Home remained the top-performing categories, while the Southwest, Southeast and California were the strongest regions." He added, "We now estimate that earnings per share for the thirteen weeks ended October 31, 2009 will be in the range of $.83 to $.84, up from our prior guidance of $.75 to $.77 and compared to $.44 in the third quarter of 2008."

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Ross Stores Inc (ROST) click here. Ross Stores Inc (ROST) has Short Term PowerRatings of 5. Details on Ross Stores Inc (ROST) Short Term PowerRatings is available at This Link.

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