Ross raises 2Q guidance
April 8, 2011,
Pleasanton, Calif. - 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.
Michael Balmuth, vice chairman and ceo, said 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."
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...