Ross Stores, Inc. reported that sales increased 8 percent to $661 million for the four weeks ended May 28, 2011, up from $614 million for the four weeks ended May 29, 2010.
For the 17 weeks ended May 28, 2011, sales totaled $2.736 billion, a 7 percent increase over the $2.549 billion in sales for the 17 weeks ended May 29, 2010. Comparable store sales for the 17 weeks ended May 28, 2011 increased 4 percent on top of a strong 8 percent gain last year.
Michael Balmuth, Vice Chairman and Chief Executive Officer, commented, “Comparable store sales in May were slightly ahead of our expectations for a 2% to 3% increase. The month benefited from our ongoing ability to deliver compelling bargains to today’s value-focused consumers. Dresses and Accessories were our best performing merchandise categories, while Florida was the strongest market. Looking ahead, we continue to forecast same store sales increases of 2% to 3% for both June and July.”