Ross
Stores, Inc. reported sales of $545 million for the five weeks ended
July 7, 2007, an 11% increase over the $490 million in sales for the
five weeks ended July 8, 2006. Same store sales grew 4%. Comparable
store sales rose 5% for the five weeks ended July 1, 2006.
For the five months ended July 7, 2007, sales were $2.405 billion, a 9%
increase over the $2.213 billion in sales for the five months ended
July 8, 2006. Same store sales for the five months ended July 7, 2007
grew 1% over the five months ended July 8, 2006. Comparable store sales
rose 6% for the five months ended July 1, 2006.
Michael Balmuth, Vice Chairman, President and Chief Executive Officer,
commented, “Comparable store sales in June were ahead of our
expectations, benefiting from solid sell-through of seasonal
merchandise. The Northwest, Southeast and Mid-Atlantic were the best
performing regions, while Dresses and Home continued to be the
strongest merchandise categories. Looking ahead, we continue to project
comparable store sales gains of 3% to 4% in July 2007. Based on current
sales and margin trends, earnings per share for the 13 weeks ending
August 4, 2007 are now forecast to be $.36 to $.37, up 13% to 16% over
second quarter 2006 earnings per share of $.32.”