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Ross Stores, TJX Raise 1st-Quarter Outlooks; April Comp Sales Beat

Discount retailers Ross Stores Inc. (ROST) and TJX Cos. (TJX) raised their outlooks for the fiscal first quarter as sales beat expectations and same-store sales for April also topped views.The companies acquire some merchandise through manufacturer overruns and canceled orders and sell it at a discount. Ross and TJX have continued to post profit growth while attracting bargain-hunting consumers amid a sluggish economy."We are pleased with the above-plan sales and margin gains we achieved for both April and the first quarter, especially considering our very strong prior-year comparisons," Ross Chief Executive Michael Balmuth said. "These results were driven by our ongoing ability to deliver compelling bargains to today's value-focused customers."For the quarter ended Saturday, Ross expects earnings of $1.06 to $1.07 a share, versus its prior view of slightly above the high end of $1 to $1.04. Sales rose 6% to $2.54 billion, while Wall Street was looking for $2.52 billion. Same-store sal...

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    Ross Stores Inc. (ROST) raised its fiscal fourth-quarter guidance, pointing to better-than-expected sales and margin trends in the quarter to date.Shares rose 6% to ...

  2. U.S. Retail Sales Rise in October Before Sandy

    U.S. retail sales rose in October, as retailers closed their books on the month before the brunt of Hurricane Sandy slammed the Northeast.Macy's Inc. (M) same-store ...

  3. Ross Stores Again Lifts 3rd-Quarter View, Citing Merchandise Margins

    Ross Stores Inc. (ROST) again raised its earnings view for the fiscal third quarter, citing higher merchandise margins."With October performing at the high end of ou...

  4. Ross Stores, TJX Give Upbeat 3rd-Quarter Views on Strong September Sales

    Off-price apparel and home-fashion retailers Ross Stores Inc. (ROST) and TJX Cos. (TJX) offered rosier fiscal third-quarter views after their September same-store sa...

  5. Ross Stores Raises 3rd-Quarter Guidance on Strong Same-Store Sales

    Ross Stores Inc. (ROST) raised its fiscal third-quarter guidance, pointing to stronger-than-expected same-store sales and better inventory management.The off-price a...

  6. Ross Stores CEO Balmuth to Become Chairman in 2014

    Ross Stores Inc. (ROST) said it approved a new management succession plan, under which Chief Executive Michael Balmuth will transition to the role of executive chair...

  7. Guess, Rue21, Vera Bradley Down On Forecasts

    Fashion label Guess Inc . shares slumped 12% on Thursday after the company gave disappointing first-quarter and full-year profit forecasts. Teen-retailer Rue21 Inc.'...

  8. Ross Stores Meets Expectations With 19% Rise in 4Q Net

    Powered by healthy same-store sales growth, apparel maker Ross Stores (NASDAQ:ROST) said Thursday it generated an in-line 19% jump in fourth-quarter profits.The Plea...

  9. Ross Stores 4Q Profit Climbs 13% on Strong Demand

    Ross Stores (NASDAQ:ROST) revealed on Thursday a 13% improvement in fourth-quarter profit in line with Wall Street estimates, helped by stronger sales in its more es...

  10. Ross Stores Views Holiday Season "Cautiously," Improves 3Q Profit

    Ross Stores (NASDAQ:ROST) reported Thursday a 15.5% surge in third-quarter profit, however investors far from cheered the results as they only matched expectations a...

  11. Ross Stores Misses 2Q Revenue Estimates, Cautious on Second-Half View

    Ross Stores Inc. ( ROST ) hit estimates with its second-quarter earnings, though revenue fell short and the company offered a cautious outlook for the second half, c...

  12. Ross Stores profit up; holiday outlook cautious

    * Shares down 2.0 pct; TJX falls 0.3 pct (Adds CEO comment, details on inventory, byline; updates share activity)By Phil WahbaNEW YORK (Reuters) - Ross Stores Inc re...

  1. Ross Stores Expects 1st-Quarter Earnings Slightly Above Prior View

    Ross Stores Inc. (ROST) expects first-quarter earnings to be slightly above the high end of its previous guidance of $1 to $1.04 a share, as March same-store sales w...

  2. Ross Stores Profit Rises 23% as Margins Improve

    Ross Stores Inc.'s (ROST) fiscal fourth-quarter earnings rose 23%, matching the high end of its guidance, as the off-price apparel and home-fashion retailer's margin...

  3. US Retailers Post Moderate Sales for February

    U.S. retailers posted moderate sales for February, as they dealt with mixed factors like payroll tax increases and later income tax refunds that were countered by a ...

  4. U.S. Retailers Reporting Moderate Sales for February

    U.S. retailers are posting moderate sales for February, dealing with mixed signals like payroll tax increases and later income tax refunds that were countered by a r...

  5. Ross Stores Posts Unexpected February Sales Drop

    Ross Stores Inc. said Thursday that its February same-store sales fell 1% after a 9% gain a year earlier. The most recent month's result missed the 1.1% increase ana...

  6. TJX, Ross Stores Raise Profit Outlook Amid Strong Sales

    TJX Cos. (TJX) and Ross Stores Inc. (ROST) raised their earnings outlooks as the off-price sellers of apparel and home furnishings reported strong January sales.Both...

  7. Off-Price Retailers Making Inroads Against Department Stores

    Off-price retailers including TJX Cos. (TJX) and Ross Stores Inc. (ROST) are making inroads into the traditional turf of department stores, a point driven home by st...

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