Specialty retailer Ross Stores same store sale grow 9%
03 Feb '06
3 min read
The Company will report final results for the 13 and 52 weeks ended January 28, 2006 on Wednesday, March 15, 2006.
Forecasted First Quarter and Fiscal 2006 Earnings per Share
Looking ahead, Balmuth commented that "For the 13 weeks ending April 29, 2006, they currently project that same store sales will grow 4 percent to 5 percent over the prior year and that earnings per share will be in the range of $.37 to $.39, inclusive of projected non-cash charges for stock option expense equivalent to about $.01 to $.02 per share for the period.
Like most other public companies, they will begin taking a charge for the value of stock options in the first quarter of 2006.
Excluding the new stock option expenses, the projected earnings per share for the same period would be in the range of $.38 to $.40, which compares to $.34 for the 13 weeks ended April 30, 2005."
Balmuth continued, "For the 52 weeks ending January 27, 2007, they continue to forecast same store sales gains of 3 percent to 4 percent, on top of a 6 percent increase in fiscal 2005.
For the full 2006 fiscal year (the 53 weeks ending February 3, 2007), they project that earnings per share will be in the range of $1.53 to $1.64, inclusive of projected non-cash charges for stock option expense equivalent to about $.06 to $.07 per share for the period.
Excluding stock option expense, they continue to project that earnings per share for their 53-week fiscal year in 2006 would be in the range of $1.60 to $1.70."
Nation's second largest off-price company California based Ross Stores Inc offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entirefamily at everyday savings of 20 to 60 percent off department and specialty store regular prices.
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