Ross Stores, Inc. reported that sales increased 7% to $595 million for the four weeks ended Feb. 26, 2011, up from $554 million for the four weeks ended Feb. 27, 2010. Comparable store sales for the month grew 3% on top of a very strong 11% gain last year.
Michael Balmuth, Vice Chairman and Chief Executive Officer, commented, “We are pleased to report February same store sales outperformed our forecast for flat to up 1%. Dresses and Juniors were the strongest merchandise areas, with the Mid-Atlantic and Florida as our top performing markets.
While we are encouraged by our solid start to the year, the much more important March/April holiday selling period is still ahead. As a result, our forecast for same store sales to be down 2% to 3% in March and up 4% to 5% in April remains unchanged.”
