Ross Stores, Inc. (ROST) PT Raised to $83 at Cowen

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Go back to Ross Stores, Inc. (ROST) PT Raised to $83 at Cowen

Ross Stores Reports Second Quarter Earnings

August 18, 2022 4:01 PM EDT

Provides Second Half and Updated Fiscal 2022 Guidance

DUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended July 30, 2022 of $1.11 on net income of $385 million. These results compare to $1.39 per share on net earnings of $494 million for the 13 weeks ended July 31, 2021. Sales for the second quarter of 2022 were $4.6 billion versus $4.8 billion in the prior year period. Comparable store sales were down 7% on top of a robust 15% gain in the second quarter of 2021, which was the strongest period of last... More