logo
Share SHARE
FONT-SIZE Plus   Neg

Ross Stores March Comps. Rise 10%; Ups Q1 EPS View - Quick Facts

Ross Stores Inc.'s (ROST) March 2012 comparable-store sales grew 10% over the previous year, with sales climbing 15% to $955 million from $828 million a year earlier. The company added that the favorable weather throughout most of its markets, along with ongoing focus on value, drove broad-based merchandise and geographic sales gains during the month.

Vice Chairman and Chief Executive, Michael Balmuth, explained, "This year Easter falls two weeks earlier than in 2011, and it is always difficult to predict the impact on sales of such holiday shifts. While we hope to do better, we continue to forecast a 1% to 2% increase in April same store sales."

Looking ahead to the first quarter, the company increased its earnings per share guidance to $0.89 - $0.91, up from its prior forecast of $0.82 - $0.86. Twenty-six analysts project first-quarter earnings of $0.88 per share.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
U.S. food maker Kraft Heinz Co., which had offered $143 billion in cash and stock to buy Anglo-Dutch consumer goods company Unilever, Sunday said it has amicably agreed to withdraw its proposal for a combination of the two companies. Dairy giant Saputo Inc. is voluntarily recalling certain Gouda cheese products in the U.S. due to potential listeria contamination. Saputo said one of its suppliers, Deutsch Kase Haus, LLC of Middlebury, Indiana, notified the company that some specialty Gouda cheese products that it supplied to Saputo's Green Bay, Wisconsin facility may have been contaminated with Listeria monocytogenes. Amazon is exploring the possibility of using parachutes to drop drone-delivered packages. The e-commerce giant has been granted a patent titled, "Maneuvering a package following in-flight release from an unmanned aerial vehicle".
comments powered by Disqus
Follow RTT