Ross Stores Earns $1.07 per Share for Q1

After the closing bell, Ross Stores ($ROST) reported first-quarter earnings of $1.07 per share. That’s up 15% from a year ago. Q1 Sales rose 8% to $2.54 billion. Comparable store sales were up by 3%.

The CEO said, “We are pleased with the slightly better-than-expected sales and earnings we delivered in the first quarter, especially considering this growth was achieved on top of strong prior year gains. These results continued to be driven by our ongoing ability to offer terrific bargains to today’s value-oriented consumers.”

For Q2, Ross sees earnings of 89 to 93 cents per share. That’s up from 81 cents for last year’s Q2. Wall Street had been expecting 91 cents per share. For the whole year, Ross projects earnings between $3.70 and $3.81 per share. Wall Street was a little higher, at $3.88 per share.

Posted by on May 23rd, 2013 at 5:55 pm


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