Ross Stores Inc. (ROST) reported that sales increased 12% to $778 million for the four weeks ended May 4, 2013, from prior year. Comparable store sales increased 7%.
For the thirteen weeks ended May 4, 2013, sales totaled $2.54 billion, a 6% increase over prior year. Comparable store sales for the thirteen weeks increased 3%.
The company now estimates earnings per share for the 13 weeks ended May 4, 2013 to be $1.06 to $1.07, compared to initial guidance of $1.00 to $1.04. Ross Stores said the updated range includes an approximate $0.02 benefit versus original projections related to the favorable timing of expenses that are expected to shift into subsequent quarters within the fiscal year.
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