Ross Stores (ROST) Tops Q2 EPS by 3c, Q3 EPS Guidance Misses Mid-Point of Consensus
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Ross Stores Reports Second Quarter Earnings, Provides Second Half 2018 Guidance and Increases Long-Term Store Growth Potential
August 23, 2018 4:01 PM EDTDUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (Nasdaq: ROST) today reported earnings per share for the second quarter ended August 4, 2018 of $1.04, up from $.82 last year. Net earnings grew to $389 million, compared to $317 million in the prior year. Sales rose 9% to $3.7 billion, with comparable store sales up 5% over the 13 weeks ended August 5, 2017. This is on top of a 4% increase in same store sales for the 13 weeks ended July 29, 2017.
For the six months ended August 4, 2018, earnings per share were $2.15, up from $1.64 last year. Net earnings were $808 million versus $638 million in the... More
