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
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT