Ross Stores, Inc. (ROST) Reports In-Line Q1 EPS, Offers Guidance

Ross Stores, Inc. (NASDAQ: ROST) reported Q1 EPS of $1.15, in-line with the analyst estimate of $1.15. Revenue for the quarter came in at $2.68 billion versus the consensus estimate of $2.69 billion. Comps were up 1%.

Ross Stores, Inc. sees Q2 2014 EPS of $1.05-$1.09, versus the consensus of $1.08.

Looking ahead, Mr. Balmuth said, "For the 13 weeks ending August 2, 2014, we are forecasting same store sales to increase 1% to 2% on top of 4% and 7% gains in the second quarters of 2013 and 2012, respectively. Earnings per share for the 2014 second quarter are projected to be in the range of $1.05 to $1.09, up from $.98 last year."

Mr. Balmuth concluded, "Based on our first quarter results and guidance for the second quarter, we now project earnings per share for the 52 weeks ending January 31, 2015 to be in the range of $4.09 to $4.21, compared to $3.88 for the 52 weeks ended February 1, 2014."

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

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