Ross Stores, Inc. today reported that sales increased 13% to $747 million for the four weeks ended August 25, 2012, up from $659 million for the four weeks ended August 27, 2011. Comparable store sales for the month grew 8% on top of a 4% increase last year.
For the seven months ended August 25, 2012, sales totaled $5.445 billion, a 13% increase over the $4.823 billion in sales for the seven months ended August 27, 2011. Comparable store sales for the seven months ended August 25, 2012 also increased 8% on top of 4% growth last year.
Michael Balmuth, Vice Chairman and Chief Executive Officer, commented, “We are pleased with August same store sales that were ahead of our expectations. Our ability to deliver a wide array of name brand bargains for back-to-school shoppers drove healthy traffic to our stores during the month. Looking ahead, we continue to forecast same store sales gains of 2% to 3% for September and 3% to 4% for October.”
Additional recorded information concerning today’s press release and the Company’s future outlook can be accessed by calling 203-369-3930, ID# 290812, from 8:30 a.m. Eastern time on August 30, 2012 through 8:00 p.m. Eastern time on August 31, 2012. A transcript of these comments is available in the Investors section of the Company’s website at http://www.rossstores.com.
The Company plans to report September 2012 sales results on Thursday, October 4, 2012.