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This excerpt taken from the ROST 8-K filed Feb 8, 2007. Estimated Results for Fiscal Fourth Quarter and Full Year 2006 Michael Balmuth, Vice Chairman, President and Chief Executive Officer, commented, “Both our January and fourth quarter sales results were in line with our forecast for a 1% to 3% increase in comparable store sales. During January, the Mid-Atlantic and the Southwest were the strongest regions, while Home and Juniors were the strongest performing merchandise departments.” Mr. Balmuth continued, “As a result, based on these sales results and our forecast for solid improvement over the prior year in fourth quarter operating margin, we now estimate that earnings per share for the 14 and 53 3 week periods ended February 3, 2007 will be about $.65 to $.66 and $1.69 to $1.70, respectively. Forecasted results for the fourth quarter and 2006 fiscal year are inclusive of operating income equivalent to about $.07 per share from the 53rd week, partially offset by stock option related expenses equivalent to about $.01 to $.02 per share for the quarter and $.06 per share for the year. Earnings per share for the 13 and 52 weeks ended January 28, 2006 were $.49 and $1.36, respectively.” The Company will report final results for the fourth quarter and 2006 fiscal year ended February 3, 2007 on Wednesday, March 21, 2007. |
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