Ross Stores (ROST) April Comps Up 9%; Guides Above

Ross Stores, Inc. (Nasdaq: ROST) said April comparable store sales for the month increased 9% over the prior year. Based on better than expected revenues in the first quarter, the company now estimate that earnings per share for the 13 weeks ended April 29, 2006 will be about $.40 to $.41, which includes projected non-cash charges equivalent to about $.01 to $.02 per share related to adoption of FAS No. 123, 'Share-Based Payment.' This compares to earnings per share of $.34 for the 13 weeks ended April 30, 2005. The consensus is $0.39.

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