Ross Stores (ROST) Tops Q3 EPS by 5c, Comps Increase 4%
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Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter Guidance
November 16, 2017 4:01 PM ESTDUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (Nasdaq: ROST) today reported earnings per share for the third quarter ended October 28, 2017 of $.72, a 16% increase from $.62 last year. Net earnings grew to $274 million, up from $245 million in the prior year. Third quarter sales rose 8% to $3.3 billion, with comparable store sales up 4% on top of a robust 7% increase last year.
For the first nine months of fiscal 2017, earnings per share were $2.36, up 15% on top of an 11% gain last year. Net earnings were $912 million, compared to $817 million in the prior year. Sales year-to-date rose 8% to $10.1... More
