Ross Stores (ROST) Comps Rose 6% in December; Raises Q4 EPS Outlook

Ross Stores, Inc. (Nasdaq: ROST) today reported that sales increased 11% to $1.276 billion for the five weeks ended December 29, 2012, up from $1.149 billion in sales for the five weeks ended December 31, 2011. Comparable store sales for the month grew 6% on top of a 9% increase in the prior year.

For the eleven months ended December 29, 2012, sales totaled $9.049 billion, an 11% increase over the $8.125 billion in sales for the eleven months ended December 31, 2011. Comparable store sales for the eleven months ended December 29, 2012 grew 7% on top of a 5% gain in 2011.

Sees earnings per share for the 14 weeks ending February 2, 2013 to be $1.05 to $1.06, compared to our previous guidance of $.99 to $1.04.

*** The Street sees EPS of $1.04.

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