Ross Stores (ROST) Tops Q3 EPS by 4c, Revenues Beat
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Ross Stores Reports Improved Trends in Third Quarter Sales and Earnings
November 19, 2020 4:01 PM ESTResults Include One-time Charge Related to Actions Taken to Significantly Reduce Long-term Debt Costs
DUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (NASDAQ: ROST) today reported earnings for the 13 weeks ended October 31, 2020 of $0.37 per share versus $1.03 per share for the 13 weeks ended November 2, 2019. Net income was $131 million, compared to $371 million in the prior year period. These results include a one-time charge of $240 million or $0.65 per share impact to net earnings relating to the refinancing of $775 million in senior notes during the quarter. Third quarter 2020 sales declined 2% to $3.8 billion, with... More
