Ross Stores (ROST) Tops Q2 EPS by 10c, Guidance Misses

Ross Stores (NASDAQ: ROST) reported Q2 EPS of $1.11, $0.10 better than the analyst estimate of $1.01. Revenue for the quarter came in at $4.58 billion versus the consensus estimate of $4.63 billion.

GUIDANCE:

Ross Stores sees Q3 2022 EPS of $0.72-$0.83, versus the consensus of $1.07.

Ross Stores sees FY2022 EPS of $3.84-$4.12, versus the consensus of $4.36.

• She continued, “If the second half performs in line with these updated sales assumptions, earnings per share for the third quarter are projected to be $0.72 to $0.83 versus $1.09 last year and $1.04 to $1.21 for the fourth quarter, compared to $1.04 in 2021. Based on our first half results and second half guidance, earnings per share for fiscal year 2022 are now planned to be in the range of $3.84 to $4.12 versus $4.87 last year.”

For earnings history and earnings-related data on Ross Stores (ROST) click here.

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