Ross Stores, Inc. reported sales of $370 million for the four weeks ended May 28, 2005, a 16% increase above the $319 million in sales for the four weeks ended May 29, 2004. Comparable store sales for the month increased 7% over the prior year.
For the four months ended May 28, 2005, sales were $1.494 billion, a 14% increase above the $1.311 billion in sales for the prior year's comparable period ended May 29, 2004. Comparable store sales for the four month period grew 4% over the prior year.
In commenting on these results, Michael Balmuth, vice chairman, president and chief executive officer, stated, “May sales performed in line with expectations, benefiting from continued strength in Juniors, Accessories and Shoes. As a result, we are maintaining our prior projections for same store sales to increase 7% to 8% in June and 5% to 6% in July. Our prior forecast of $.30 to $.32 in earnings per share for the 13 weeks ending July 30, 2005 also remains unchanged.”
