Ross Stores (ROST) Tops Q3 EPS by 19c, Revenues Beats; Guides Higher

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Go back to Ross Stores (ROST) Tops Q3 EPS by 19c, Revenues Beats; Guides Higher

Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter Guidance

November 17, 2022 4:01 PM EST

DUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the third quarter ended October 29, 2022 of $1.00 on net income of $342 million. These results compare to earnings per share of $1.09 on net income of $385 million for the 13 weeks ended October 30, 2021. Sales for the 2022 third quarter were $4.6 billion, in line with the prior year, with comparable store sales down 3% on top of a robust 14% gain for the same period in 2021.

For the nine months ended October 29, 2022, earnings per share were $3.08 on net earnings of $1.1 billion, versus $3.82... More