Ross Stores announced that its fourth quarter earnings was $161.8 million, or $1.37 per share, an increase of 13% compared to $142.8 million, or $1.16 per share a year earlier. Net sales increased 8.4% to $2.15 billion, and same-store sales increased 4% for the period.
Ross Stores announced that its February 2011 same-store sales increased by 3%, on top of an 11% gain last year. The company attributes the gain to strong sales of dresses and Juniors apparel. Total sales increased 7% to $595 million for the month.
Ross Stores announced that its January 2011 same-store sales increased 3%, beating the 0.5% gain that analysts were expecting. The company expects to earn $1.36 to $1.37 in Q4 2010, compared to the $1.32 to $1.34 it previously expected.
Ross Stores announced that its December 2010 same-store sales increased by 4%, compared to the .5% decline that analysts were expecting. Total sales increased 8% to just over $1 billion. The company increased its Q4 2010 outlook.
Ross Stores announced that its November 2010 same-store sales increased by 6%, beating analyst estimates of 2.8%. Total sales increased 10% to $696 million.
ROST announced that its Q3 2010 earnings was $121.4 million, or $1.02 per share an increase of 16% compared to $105.1 million, or 84 cents per share a year earlier. Net sales increased 7% and comparable-store sales increased 3%.
Ross Stores announced that its October 2010 comparable store sales increased by 4%, higher than the 0.8% that analysts were expecting. Total sales increased by 8% to $600 million.
ROST announced that its September 2010 same-store sales increased by 2%, slightly lower than the 2.1% that analysts were expecting. Total sales increased 6% for the period. The company increased its Q3 2010 guidance to 94-96 cents per share.
ROST announced that its August 2010 comparable store sales increased by 5% due to strong sales in the dresses, homes, and shoes categories. Analysts were expecting a 2.9% increase.
An analyst at Piper Jaffray lowered his rating of ROST to "Netural" from "Overweight" siting that the company may face increasing sales pressure as competitors continue to lower prices.
ROST announced that its Q2 2010 earnings were $129 million, or $1.07 per share, a 25% increase from $103 million or 82 cents per share in the previous year. Net sales increased 8% while same-store sales increased 4%.
Ross Stores announced that its July 2010 same-store sales increased by 2%, shy of hte 3.5% that anlaysts were expecting. Total sales for the month increased 7%.
ROST reported that its June 2010 same-store sales increased by 5%, just short of the 5.1% that analysts were expecting. Overall revenue from the month rose 9% to $725 million. ROST also boosted its second-quarter outlook, saying it expects July comp to climb 3-4%, and it expects to Q2 net income of $1 to $1.02 per share.
ROST was upgraded by Oppenheimer to Perform from Underperform.
Ross Stores announced that its May 2010 comparable store sales rose 5%. Analysts were predicting a rise of only 4%. Total sales for the period increased 9% to $614 million.
ROST reported that its Q1 2010 earnings grew 56% from $91 million, or 72 cents per share, to $143 million, or $1.16 per share, which is what analysts were expecting. Net sales for the period grew 14% and comparable store sales grew 10%. The company rose its fiscal year guidance to $4.11 to $4.24 per share.
Ross Stores announced that its comparable store sales for the month of April rose 3%. However, analysts were expecting a rise of 6.3%. Net sales for the period grew 7% to $570 million.
ROST announced that its comparable store sales for March rose 14%, higher than the 3% growth it had a year earlier. Analysts were expecting an increase of 6.4%. Total sales for the month increased 19% to $811 million. The company also raised it's Q1 2010 earnings expectations to $1.14 to $1.16 per share, up from its previous expectations of 92 to 95 cents/share.
Ross Stores announced that its Q4 2009 earnings was $142.9 million, or $1.16 per share, up from $97.4 million, or 76 cents per share, a year earlier. Revenue rose 14% to $1.98 billion from $1.73 billion last year.
Ross Stores announced that its same store sales for the month of February increased by 11%. Analysts were expecting an increase of 6%. Total sales climbed 16 percent to $554 million.
Ross Stores announced that sales in Janurary 2010 were up 13% to $411 million. Comparable store sales for the period increased 8%. The company expects to earn $1.15 per share to $1.16 per share in the fourth quarter. In addition, the company aslo raised its quarterly cash dividend by 45%. to 16 cents per share.
ROST reported that its December 2009 sales increased 16% compared to last year. Sales frose from $802 million in 2008 to $934 million in 2009. Same-store sales for the month increased 12%.
Ross Stores announced that its November comp increased 8%. Analysts had expected a 6.1% increase. November sales in 2009 increased 12% to $635 million compared to sales of $568 million in November 2008.
ROST announced that its net earnings increased 83% in Q3 2009, from $57 million or 44 cents/share in 2008 to $105 million or 84 cents/share. This was a result of a 12% increase in sales and 8% increase in comparable store sales. However, the companny annouced that its Q4 earnings estimate was 88 to 94 cents/share. Analysts were expecting at least 98 cents/share.
ROST announced that its October Sales Increased 14%, helped by a 9% increase in same store sales for the month. The company also increased its earnings guess to between 83 cents and 84 cents a share, up from an earlier guess of 75 cents to 77 cents.
Ross Stores announced a 45% increase in net income in Q2 2009 to $103 million. Higher profits were due to higher net sales of 7.9% and comparable store sales of 3%. In addition, the company rose its 2010 earnings forecast to between $3 and $3.12 per share, compared to earlier estimates of $2.62 to $2.72 per share.
ROST comparable store sales were up 1% for June 2009.
ROST announced that its net income rose 15% compared to Q1 2008. The company raised its full year earnings estimate from $2.25-$2.45 per share to $2.62-$272 per share. Net sales were up 9% during the quarter.
For the five weeks ended April 4, 2009, sales at Ross Stores open for at least 12 months grew 3% year-on-year. Sales for all stores grew 8% during the same period, to $682 million, compared to the $633 million from the same period during the previious year. ROST continues to take advantage of its market niche as an off-price bargain retailer during the weak retail environment, appealing to more value-conscious consumers and those that have cut discretionary budgets due to recessionary pressures.
In Q3 2008 (ended Nov. 1, 2008), ROST reported earnings that rose by 17.6% to $57.3 million when compared to the prior-year quarter. Same-store sales were up 3%, and sales were up by 6% to $1.55 billion. ROST benefits as a discount retailer during the current recession due to consumer trade downs.
ROST reports flat same-store sales for September, attributing poor numbers to unseasonably warm weather. Stock of apparel retailers is also negatively impacted by existing home and condo sales, which fell 8% to an 8-year low.
Q2 sales were up 10% over the same period in 2006; earnings increased even more at 16%. However, the company lowered sales expectations for the the critical second half of 2007, when retailers traditionally make most of their revenue from seasonal sales. The company cited macroeconomic pressures (e.g., rising energy prices) that affect its lower-income customer demographic.