ROSS STORES REPORTS FIRST QUARTER SALES
ROSS STORES REPORTS FIRST QUARTER SALES NEWARK, Calif., May 5 /PRNewswire/ -- Ross Stores Inc.
(NASDAQ: ROST) today reported sales of $81 million for the four week period ended May 2, 1992, a 21 percent increase above the $67 million in sales for the four weeks ended May 4, 1991. Comparable store sales for the same period increased 11 percent from the prior year.
First quarter sales for the thirteen weeks ended May 2, 1992, were $222 million, a 12 percent increase above the $199 million in sales for the 13 weeks ended May 4, 1991. Comparable store sales for the same period were up 2 percent from last year. In commenting on these sales results, Norman A. Ferber, president and chief executive officer, said, "For the two months ended May 2, 1992, the Easter selling period, total sales increased 14 percent to $169 million, with comparable store sales up a respectable 5 percent. Even though sales of markdown merchandise during this period sold through higher than planned, we expect earnings per share for the 13 weeks ended May 2, 1992 to increase to $.12 or $.13, compared to $.09 for the same period last year." Ross Stores Inc. operates a national chain of off-price retail stores offering first quality, in-season, branded apparel and apparel- related merchandise for the entire family. The company had 210 stores in operation at May 2, 1992, compared to 191 stores at the end of the same period last year. -0- 5/5/92 R /CONTACT: Earl T. Benson, 510-505-4400; or Katie Loughnot, 510-505-4509, both of Ross Stores Inc./ (ROST) CO: Ross Stores Inc. ST: California IN: REA SU: ERN
MC-MM -- SF003 -- 6596 05/05/92 13:15 EDT
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|Date:||May 5, 1992|
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