Ross Stores, Inc. saw sales for August increase 10% to $425 million from $388 million for the same month last year. Comparable store sales for the same period increased 3% on top of a 13% gain in the prior year.
For the seven months ended August 26, 2006, sales rose 13% to $3.025 billion, compared to $2.684 billion for the prior year’s comparable period ended August 27, 2005. Comparable store sales for the same period grew 5% on top of a 6% increase in the prior year period.
Michael Balmuth, Vice Chairman, President and Chief Executive Officer, stated, “Same store sales in August were at the high end of our forecast for a 1% to 3% increase. The best performing region during the month was the Southwest, while the strongest merchandise trends were in the home businesses. Looking ahead, we continue to forecast same store sales gains of 1% to 3% for both September and October.”
