Ross Stores GAAP EPS of $1.32 beats by $0.16, revenue of $4.93B beats by $180M
Ross Stores press release (NASDAQ:ROST): Q2 GAAP EPS of $1.32  beats by $0.16.
Revenue of $4.93B (+7.6% Y/Y)  beats by $180M.
Comparable store sales were up 5% versus down 7% in the second quarter of 2022.

Outlook: We are now planning comparable store sales for the third and fourth quarters of 2023 to be up 2% to 3% and up 1% to 2%, respectively.

Based on these assumptions, same store sales for the 52 weeks ending January 27, 2024 are forecast to be in the range of up 2% to 3%.
If the second half performs in line with these updated sales assumptions, earnings per share for the third quarter are projected to be $1.16 to $1.21 versus $1.00 last year and $1.58 to $1.64 for the fourth quarter, compared to $1.31 in 2022.
Based on our first half results and second half guidance, earnings per share for the 53 weeks ending February 3, 2024 are now planned to be in the range of $5.15 to $5.26 versus $4.38 last year. Incorporated in this updated guidance range is an estimated benefit to earnings per share of approximately $0.16 from the 53rd week in fiscal 2023.
Shares +4.37%.


More on Ross Stores

Ross Stores: The Secret To Continued Long-Term Success
Ross Stores: Business Fundamentals Should Continue To Stay Strong
Ross Stores CEO Barbara Rentler to continue in top boss role through Jan. 2026
Ross Stores dips after warning on the impact of inflation on consumer spending
Hot Stocks: PAYX rises on earnings; MPW climb on property divestiture; NIO, XPEV and RIVN soar; URBN, FL and ROST dips on UBS downgrade
Ross Stores raised to Buy as Loop sees strong 2023 sales
Seeking Alphaâs Quant Rating on Ross Stores
Earnings data for Ross Stores
Dividend scorecard for Ross Stores