Ross Stores (ROST) Misses Q1 EPS by 93c, Revenues Miss

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Go back to Ross Stores (ROST) Misses Q1 EPS by 93c, Revenues Miss

Ross Stores Reports First Quarter Results and Phased Reopening of Stores

May 21, 2020 4:01 PM EDT

DUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (NASDAQ: ROST) today reported its financial results for the fiscal 2020 first quarter. Both sales and earnings reflect the closure of all Ross Dress for Less® and dds DISCOUNTS® locations starting on March 20th through the quarter end due to the ongoing spread of COVID-19 throughout the United States.

More recently, on May 14th, the Company began a phased process of reopening stores on a market by market basis. This followed a careful review of current guidance from health officials and advisors, as well as federal,... More