News

Ross Stores 1Q earnings up 20%

BY CSA STAFF

PLEASANTON, Calif. Ross Stores reported that earnings per share for the first quarter 2009 rose 20% to 72 cents, from 60 cents for the first quarter 2008.

Ross Stores is now forecasting same-store sales to be flat to down 1%, on top of a strong 6% gain in the prior year, compared to its previous second quarter guidance for a mid-single digit percentage decline in comparable-store sales.

Based on these updated sales targets, the company is projecting second quarter earnings per share to be in the range of 60 cents to 63 cents, versus 54 cents in the prior year period.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Target 1Q EPS down 6.8%

BY CSA STAFF

MINNEAPOLIS Target reported net earnings of $522 million for the first quarter ended May 2, compared with $602 million in the first quarter ended May 3, 2008. Earnings per share in the first quarter decreased 6.8% to 69 cents from 74 cents in the same period a year ago. All earnings per share figures refer to diluted earnings per share.

“Our first quarter earnings per share reflect disciplined execution of our strategy in a difficult environment,” said Gregg Steinhafel, chairman, president and chief executive officer.

Retail sales increased 0.4% in the first quarter to $14.4 billion in 2009 from $14.3 billion in 2008, due to the contribution from new store expansion partially offset by a 3.7% decline in comparable-store sales.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Sam’s Club offering $15 memberships

BY CSA STAFF

BENTONVILLE, Ark. Sam’s Club has launched a $15 membership program for the summer. The special membership is available for purchase for a limited time between May 20 and June 7, during regular club hours and extends to new Advantage and Business members. Annual membership fees start at $35.

The membership program is part of Sam’s Club’s “100 Days of Summer” campaign promoting savings and tips for enjoying the summer season.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...