Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade ROST now with 

Ross Stores Inc.'s (ROST: Quote) 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.

Click here to receive FREE breaking news email alerts for Ross Stores Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After ending the previous session nearly flat, stocks moved mostly lower over the course of the trading day on Friday. Uncertainty about the outlook for monetary policy weighed on the markets ahead of next week's Federal Reserve meeting. Despite the ceasefire in eastern Ukraine, the U.S. Treasury Department on Friday announced a new round of sanctions against Russia for its role in the conflict. Treasury Secretary Jacob Lew determined that persons operating within Russia's defense and related materiel sector may now be subject to targeted sanctions. Business inventories in the U.S increased in line with economist estimates in the month of July, according to a report released by the Commerce Department on Friday. The Commerce Department said business inventories rose by 0.4 percent in July, matching the increase reported for June as well as the consensus estimate.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.