Ross Stores (ROST) Tops Q1 EPS by 4c, Q2 EPS Guidance Comes in Light

Ross Stores (NASDAQ: ROST) reported Q1 EPS of $1.11, $0.04 better than the analyst estimate of $1.07. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.54 billion.

Comparable store sales for the 13 weeks ended May 5, 2018 grew 3% over the 13-week period ended May 6, 2017.

GUIDANCE:

Ross Stores sees FY2018 EPS of $3.92-$4.05, versus the consensus of $4.06.

Ross Stores sees Q2 2018 EPS of $0.95-$0.99, versus the consensus of $1.03.

For the 13 weeks ending August 4, 2018, we are forecasting same store sales to be up 1% to 2% over the 13 weeks ended August 5, 2017

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

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