Ross Stores (ROST) Reports September Same-Store Sales Increase of 6%, Guides Higher for Q3 EPS

Ross Stores, Inc. (Nasdaq: ROST) reported sales of $499 million for the five-week period ended September 30, 2006, a 12% increase above the $446 million in sales for the five weeks ended October 1, 2005.

Comparable store sales for the same period rose 6% on top of a 9% gain in the prior year.

Michael Balmuth, Vice Chairman, President and Chief Executive Officer, commented, "September results were well ahead of our forecast for a 1% to 3% increase in comparable store sales. Looking ahead, we are now forecasting same store sales in October to increase 2% to 4% on top of a 7% gain in the prior year. We also have updated our outlook for third quarter earnings per share, which are now projected to be slightly above the high end of our prior range of $0.24 to $0.27." Current consensus is $0.26.

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