Ross Stores, Inc. saw November sales increase 10% to $547 million from $496 million for the same period last year. Same store sales for the four weeks ended December 1, 2007 increased 3% from the four weeks ended December 2, 2006.
For the ten months ended December 1, 2007, sales were $4.870 billion, a 9% increase over the $4.487 billion in sales for the ten months ended December 2, 2006. Comparable store sales for the ten months ended December 1, 2007 rose 1% over the ten months ended December 2, 2006.
Michael Balmuth, vice chairman, president and CEO, commented, “Our November comparable store sales results were in line with our forecast for a 2% to 4% increase. The strongest region during the month was the Mid-Atlantic, while Dresses, Accessories and Shoes were the top performing businesses.”
Looking ahead, Mr. Balmuth said, “We believe we are competitively positioned for the important holiday period with a wide array of name brand bargains throughout our stores, and continue to forecast same store sales to be flat to up 2% for December and up 1% to 3% for January.”
