By  on August 20, 2008

Ross Stores Inc. proved it’s a good time to be an off-pricer, on Wednesday posting double-digit earnings and sales growth in the second quarter while boosting expectations for the year.

Net income for the quarter shot up 40.2 percent to $71.3 million, or 54 cents a diluted share, compared with $50.9 million, or 37 cents, a year ago. Sales advanced 13.6 percent to $1.64 billion from $1.44 billion as comparable-store sales rose 6 percent.

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