Ross Stores (ROST) Tops Q1 EPS by 4c, Q2 EPS Guidance Comes in Light
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Ross Stores Reports First Quarter Earnings, Provides Second Quarter 2018 Guidance
May 24, 2018 4:01 PM EDTDUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (Nasdaq: ROST) today reported earnings per share for the 13 weeks ended May 5, 2018 of $1.11, up from $.82 for the 13 weeks ended April 29, 2017. Net earnings for the 2018 first quarter were $418 million, compared to $321 million in the prior year. These earnings per share results include a $.17 per share benefit from recently enacted tax legislation and a $.02 per share benefit from the favorable timing of packaway-related expenses that we expect to reverse in subsequent quarters.
First quarter 2018 sales increased 9% to $3.6 billion. Comparable store sales for the 13 weeks ended May 5, 2018 grew 3%... More
