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
United Parcel Service, Inc. has started to test the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations. On Thursday, the package delivery giant and drone-maker CyPhy Works staged a mock delivery of urgently needed medicine from Beverly, Massachusetts to Children's Island, which is about three miles off the Atlantic coast. Luxury electric car maker Tesla Motors Inc. (TSLA), Thursday filed a lawsuit against state officials over its right to sell vehicles directly to consumers in Michigan. The lawsuit has been filed against Governor Rick Snyder, Secretary of State Ruth Johnson and Attorney General Bill Schuette as defendants. Tesla... e.l.f. Beauty (ELF), a maker of cosmetic products, priced its initial public offering above its target range and raised about $141 million. The Oakland-based company opened sharply up on Thursday's trading on the New York Stock Exchange. The company said it sold about 8.3 million shares at $17 in...
comments powered by Disqus
Follow RTT