Ross Stores, Inc. today reported that sales increased 16% to $554 million for the four weeks ended February 27, 2010, up from $476 million for the four weeks ended February 28, 2009. Comparable store sales for the month grew 11%.
Michael Balmuth, Vice Chairman and Chief Executive Officer, commented, “We are pleased to report February sales that were well above our expectations. While we are encouraged by this healthy start to the year, the important March/April holiday selling period is still ahead. In addition, the impact of an earlier Easter is always very difficult to predict. As a result, our original forecast for same store sales to be up 3% to 4% in March and flat to up 1% in April remains unchanged.”
