Ross Stores, Inc. reported sales increased 9% to $614 million for the four weeks ended May 29, 2010, up from $564 million for the four weeks ended May 30, 2009. Comparable store sales for the month grew 5% on top of a 4% gain in the prior year period.
For the 17 weeks ended May 29, 2010, sales totaled $2.549 billion, a 13% increase over the $2.256 billion in sales for the 17 weeks ended May 30, 2009. Comparable store sales for the 17 weeks ended May 29, 2010 increased 8% on top of a 3% gain last year.
Michael Balmuth, Vice Chairman and Chief Executive Officer, commented, “We are pleased to report that comparable store sales in May were ahead of our expectations for a 2% to 3% increase. We achieved these results despite unseasonably cool and wet weather during the month in a number of markets, especially California. Dresses and Home were our strongest merchandise categories, while Florida and the Southeast were the best-performing regions.”
