January same-store sales down at Ross, but outlook up
Posted on 7:46 AM, under Beliefs, Earnings, Global Economy
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Ross Stores Inc.’s same-store sales in January fell 1 percent year over year while overall sales were up 4 percent.
Pleasanton-based Ross (NASDAQ: ROST) on Thursday reported sales of $365 million for the four weeks ending Jan. 31, compared with sales of $350 million in the comparable period of 2008.
Ross put its sales for the fourth quarter ending Jan. 31 at $1.73 billion, up 5 percent compared with $1.65 billion for the comparable period last year. Same-store sales for the fourth quarter were down 1 percent versus a year ago.
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Pleasanton-based Ross (NASDAQ: ROST) on Thursday reported sales of $365 million for the four weeks ending Jan. 31, compared with sales of $350 million in the comparable period of 2008.
Ross put its sales for the fourth quarter ending Jan. 31 at $1.73 billion, up 5 percent compared with $1.65 billion for the comparable period last year. Same-store sales for the fourth quarter were down 1 percent versus a year ago.
Read the rest of the story.....
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