| Ross Stores
Earnings Call |
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Ross Stores First Quarter Earnings Call
27th May 2008 00:00 AM |
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| Profit grew 19% to $79.5 million due to growth in same-store sales and a real estate settlement that added to income. |
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| Revenue rose 10% to $1.56 billion from $1.41 billion in the first quarter of 2007. Same-store sales rose 3%. Ross said dresses and shoes were the top merchandise categories and the Mid-Atlantic region and Texas were the strongest geographic regions. Average selling store inventories were down about 13% as the company ended the quarter. EPS for fiscal 2008 are expected to be in the range of $2.19 to $2.29 for a forecasted growth of 15% to 21% over $1.90 in fiscal 2007. |
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Ross Stores Fourth Quarter Earnings Call
24th March 2008 00:00 AM |
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| Profit rose to $94.5 million as bargain-hunting shoppers bought dresses, shoes and home goods. |
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| Sales rose 3% to $1.65 billion, short of the $1.71 billion analysts expected. Sales fell short of analysts'' estimates as higher gasoline and food prices weighed on consumers. Same-store sales rose 2%. The company continued to strengthen merchandise offerings by expanding the assortment in accessories as well as home and gift-giving categories. Operating margin was 9% compared to 9.3% for the 14 week prior year quarter. |
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Ross Stores Third Quarter Earnings Call
27th November 2007 00:00 AM |
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| Net income for the quarter increased to $48.7 million, or 36 cents per share, compared with $43.9 million, or 31 cents per share, a year ago. |
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| The clothing retailer’s quarterly profit climbed 11% from a year ago, helped by increasing sales in dresses, home and shoes categories. Quarterly revenue jumped 8% to $1.47 billion from $1.36 billion last prior year. Sales at Ross Stores for the nine months ended Nov. 3 2007 were $4.324 billion, up 9% from a year ago, while same-store sales year-to-date grew 1% on top of a 5% gain in the first nine months of 2006. |
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Ross Stores Second Quarter Earnings Call
5th September 2007 00:00 AM |
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| Profit increased 12% to $50.9 million, due to higher sales in Northwest and Mid-Atlantic stores, and higher sales of dresses and home merchandise. |
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| Discount retailer Ross Stores reported revenue increase of 10% to $1.44 billion from $1.31 billion a year ago. Margins were essentially flat, as lower SG&A expenses were countered by higher freight, distribution, and store costs. During the first six months of 2007, the company repurchased 3.1 million shares of common stock for an aggregate of $101 million. The company lowered its full-year outlook to a range of $1.80 to $1.90 per share, from earlier guidance of $1.85 to $1.95 per share. |
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Ross Stores First Quarter Earnings Call
7th June 2007 00:00 AM |
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| Net income rose 13% from a year ago bolstered by higher sales in the company’s home and dress departments and on the West Coast. |
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| Discount retailer Ross Stores added that it expects second-quarter sales at its established stores to increase. May same-store sales were flat due to the weak April results. Total sales increased 9% to $1.4 billion. Net earnings for the quarter were $67 million compared to $59.2 million for the prior year period. The company expects to complete the remaining $149 million authorization under its two year $400 million program by end of 2007. |
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