Ross Stores Inc. (ROST) reported that its Same store sales for the month of October rose 9%. Sales for the month increased 14% to $557 million from $490 million in the prior year period.
For the thirteen weeks ended October 31, 2009, sales were $1.744 billion, a 12% increase over the $1.555 billion in sales for the thirteen weeks ended November 1, 2008. Comparable store sales for the quarter ended October 31, 2009 were up 8% on top of flat same store sales in the prior year period.
The company raised its third-quarter earnings outlook to a range of $0.83 to $0.84 per share, from the prior range of $0.75 to $0.77 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $0.76 per share for the third-quarter. Analysts' estimates typically exclude special items.
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