Ross Stores posts record 4Q, FY earnings

3/19/2009

PLEASANTON, Calif. Ross Stores reported fourth-quarter earnings of 76 cents, up 9% from 70 cents for the fourth quarter ended Feb. 2, 2008. Net earnings for the quarter grew to a record $97.4 million, up from $94.5 million for the same period last year.

Sales for the quarter increased 5% to $1.73 billion compared to $1.65 billion for the same period last year. Comparable-store sales for the quarter declined 1%.

For the fiscal year ended Jan. 31, earnings per share grew 23% to $2.33, from $1.9 for the fiscal year ended Feb. 2, 2008. Net earnings for the full year grew to a record $305.4 million, from $261.1 million for the same period last year. Sales for the 2008 fiscal year increased 9% to $6.486 billion, with comparable-store sales up 2% over the prior year.

Related Topics