Ross Stores (ROST) Tops Q1 EPS by 3c, Offers Guidance

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Go back to Ross Stores (ROST) Tops Q1 EPS by 3c, Offers Guidance

Ross Stores Reports First Quarter Earnings

May 18, 2023 4:01 PM EDT

Provides Second Quarter and Updated Fiscal 2023 Guidance

DUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended April 29, 2023 of $1.09 on net earnings of $371 million. These results compare to earnings per share of $0.97 on net income of $338 million for the 13 weeks ended April 30, 2022. Sales for the first quarter of 2023 were $4.5 billion, up from $4.3 billion in the prior year period. Comparable store sales were up 1%.

Barbara Rentler, Chief Executive Officer, commented, Despite continued inflationary pressures impacting our low-to-moderate income customers, first... More