Ross Stores Reports June Same Store Sales Gain Of 7%, Raises Second Quarter Earnings Guidance
Ross Stores, Inc. (Nasdaq: ROST) today reported that sales increased 12% to $886 million for the five weeks ended June 30, 2012, up from $793 million for the five weeks ended July 2, 2011. Comparable store sales for the month grew 7% on top of a 5% increase last year.
For the 22 weeks ended June 30, 2012, sales totaled $3.989 billion, a 13% increase over the $3.529 billion in sales for the 22 weeks ended July 2, 2011. Comparable store sales for the five months ended June 30, 2012 increased 8% on top of a 4% gain last year.
Michael Balmuth, Vice Chairman and Chief Executive Officer, commented, "We are pleased with our better-than-expected June sales. Our ongoing ability to deliver terrific name brand bargains to today's value-focused shoppers drove broad-based merchandise and geographic sales gains during the month."
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