Ross Stores Reports First Quarter Results and Phased Reopening of Stores
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Ross Stores (ROST) Misses Q1 EPS by 93c, Revenues Miss
May 21, 2020 4:02 PM EDTRoss Stores (NASDAQ: ROST) reported Q1 EPS of ($0.87), $0.93 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $2.12 billion.
Barbara Rentler, Chief Executive Officer, commented, Our first quarter results reflect the unprecedented impact the COVID-19 pandemic has had on our business, which led to the closure of all stores and our first quarterly operating loss in more than 30 years. Operating margin for the period was negatively affected by the significant revenue... More
