Ross Stores (ROST) Misses Q1 EPS by 3c; Guides Lower

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Go back to Ross Stores (ROST) Misses Q1 EPS by 3c; Guides Lower

Ross Stores Reports First Quarter Earnings

May 19, 2022 4:01 PM EDT

Provides Second Quarter and Updated Fiscal 2022 Guidance

DUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended April 30, 2022 of $0.97 on net earnings of $338 million. The quarter includes an approximate benefit of $0.06 per share from the favorable timing of expenses that are expected to reverse in subsequent quarters. These results compare to $1.34 per share on net income of $476 million for the 13 weeks ended May 1, 2021. Sales for the first quarter of 2022 were $4.3 billion versus $4.5 billion in the prior year... More