Ross Stores (ROST) Reports In-Line Q1 EPS, Offers Q2 & FY EPS Guidance

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Ross Stores Reports First Quarter Earnings

May 19, 2016 4:01 PM EDT

DUBLIN, Calif., May 19, 2016 /PRNewswire/ -- Ross Stores, Inc. (Nasdaq: ROST) today reported earnings per share for the 13 weeks ended April 30, 2016 of $.73, for a 6% gain on top of a robust 19% increase in the prior year period.  Net earnings for the 2016 first quarter were $291 million, up from $282 million last year.  Sales increased 5% to $3.089 billion, with comparable store sales up 2% on top of a strong 5% gain in the first quarter of 2015.

Barbara Rentler, Chief Executive Officer, commented, "Even though we faced our strongest prior year comparisons, sales performed at the high end... More