Ross Stores GAAP EPS of $1.11 beats by $0.11, revenue of $4.58B misses by $40M
Ross Stores press release (NASDAQ:ROST): Q2 GAAP EPS of $1.11  beats by $0.11.
Revenue of $4.58B (-4.6% Y/Y)  misses by $40M.
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 year.

âIf the second half performs in line with these updated sales assumptions, earnings per share for the third quarter are projected to be $0.72 to $0.83 versus $1.09 last year and $1.04 to $1.21 for the fourth quarter, compared to $1.04 in 2021. Based on our first half results and second half guidance, earnings per share for fiscal year 2022 are now planned to be in the range of $3.84 to $4.12 versus $4.87 last year. For the fourth quarter, same store sales are forecast to be down 4% to 7% on top of a 9% increase for the same period a year ago." said Barbara Rentler, CEO.