Ross Stores, Inc. reported sales climbed 12% in August to $461 million from $410 million, with same-store sales ahead 4%.
Comparable store sales rose 3% for the four weeks ended August 26, 2006.
Michael Balmuth, vice chairman, president and CEO,
commented, “Comparable store sales in August were at the high end of
our plan for a 2% to 4% increase. As expected, Texas and Florida were
the strongest regions, benefiting from shifts in their sales tax
holidays, which moved from July last year into August this year, as
well as later back-to-school start dates. We estimate that the sales
tax calendar shifts increased total reported comparable store sales by
at least 1% for the month. Looking ahead, we continue to forecast same
store sales gains of 1% to 3% for both September and October.”
For the seven months ended September 1, 2007, sales were $3.316
billion, a 9% increase over the $3.037 billion in sales for the seven
months ended September 2, 2006. Comparable store sales for the seven
months ended September 1, 2007 rose 2% over the seven months ended
September 2, 2006. Comparable store sales rose 5% for the seven months
ended August 26, 2006.
