Ross Stores (ROST) Tops Q2 EPS by 16c, Offers Guidance

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Ross Stores Reports Second Quarter Earnings

August 17, 2023 4:01 PM EDT

Provides Second Half and Updated Fiscal 2023 Guidance

DUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended July 29, 2023 of $1.32 on net income of $446 million. These results compare to $1.11 per share on net earnings of $385 million for the 13 weeks ended July 30, 2022. Sales for the second quarter of 2023 were $4.9 billion versus $4.6 billion in the prior year period. Comparable store sales were up 5% versus down 7% in the second quarter of 2022.

For the six months ended July 29, 2023, earnings per share were $2.41 on... More