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Ross Stores Finished Q1 Strong

For the 13 weeks ended May 4, 2013, Ross Stores, Inc. comparable store sales rose 3% over those in last year’s first quarter, the company reported. Total sales reached $2.54 billion, up 6% from the prior-year period.

For the four weeks ended May 4, sales increased 12% to $778 million while comps rose 7% versus the month ended April 28, 2012.

In a conference call, Ross noted that juniors and accessories posted the strongest comp gains among merchandising segments in the month, while, geographically, the Pacific Northwest and the Mid-Atlantic were the top-performing markets.

Michael Balmuth, vice chairman and CEO, said in comments on the results, “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. These results were driven by our ongoing ability to deliver compelling bargains to today’s value-focused customers.”