Ross Stores Reports Improved Trends in Third Quarter Sales and Earnings

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Go back to Ross Stores Reports Improved Trends in Third Quarter Sales and Earnings

Ross Stores (ROST) Tops Q3 EPS by 4c, Revenues Beat

November 19, 2020 4:03 PM EST

Ross Stores (NASDAQ: ROST) reported Q3 EPS of $0.65, $0.04 better than the analyst estimate of $0.61. Revenue for the quarter came in at $3.75 billion versus the consensus estimate of $3.43 billion.

Barbara Rentler, Chief Executive Officer, commented, Sales trends accelerated during the third quarter following a slower start in August, driven by an improvement in our merchandise assortments, a later back-to-school season, stronger performance in our larger markets, and our return to more normal store hours.

Ms. Rentler continued, Third quarter operating margin of 4.4% was down... More