Ross Stores Reports Second Quarter Earnings, Provides Second Half 2019 Guidance
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UPDATE: Ross Stores (ROST) Tops Q2 EPS by 2c, Revenues Beat, Comp. Sales Up 3%; Offers Q3 & FY19 EPS Guidance
August 22, 2019 4:04 PM EDT(Updated - August 22, 2019 4:05 PM EDT)
Ross Stores (NASDAQ: ROST) reported Q2 EPS of $1.14, $0.02 better than the analyst estimate of $1.12. Revenue for the quarter came in at $4 billion versus the consensus estimate of $3.96 billion.
Barbara Rentler, Chief Executive Officer, commented, We delivered respectable gains in both sales and earnings for the second quarter. While our Ladies business continued to trail the chain, trends in this important area showed some improvement during the period. Operating margin of 13.7% was better than... More
