Ross Raises 2Q Guidance
Home & Textiles Today Staff -- Home Textiles Today, May 13, 2011
Based on above-plan March sales and favorable gross margin and expense trends over past two months, off-price chain Ross Stores raised its second-quarter guidance.
The retailer is now projecting earnings per share for the 13 weeks ending April 30 to be somewhat above the high end of its initial guidance of $1.27 to $1.32. The company expects April comps in line with Ross's prior forecast for a 4% to 5% increase."