Pleasanton, California, June 2, 2011 — Ross Stores, Inc. (Nasdaq: ROST) today reported that sales increased 8% to $661 million for the four weeks ended May 28, 2011, up from $614 million for the four weeks ended May 29, 2010. Comparable store sales for the month grew 4% on top of a 5% gain in the prior year period.
For the 17 weeks ended May 28, 2011, sales totaled $2.736 billion, a 7% increase over the $2.549 billion in sales for the 17 weeks ended May 29, 2010. Comparable store sales for the 17 weeks ended May 28, 2011 increased 4% on top of a strong 8% gain last year.
Michael Balmuth, Vice Chairman and Chief Executive Officer, commented, “Comparable store sales in May were slightly ahead of our expectations for a 2% to 3% increase. The month benefited from our ongoing ability to deliver compelling bargains to today’s value-focused consumers. Dresses and Accessories were our best performing merchandise categories, while Florida was the strongest market. Looking ahead, we continue to forecast same store sales increases of 2% to 3% for both June and July.”
Additional recorded information concerning today’s press release and the Company’s future outlook can be accessed by calling 706-645-9291, ID# 60514669, from 8:30 a.m. Eastern time on June 2, 2011 through 8:00 p.m. Eastern time on June 3, 2011. A transcript of these comments is available in the Investors section of the corporate website at www.rossstores.com.
The Company plans to issue June 2011 sales results on Thursday, July 7th.