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Services | Apparel Stores | USA
Ross Stores (ROST) Q1 Earnings Beat, Sales Miss Hurts Stock
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Ross Stores posted earnings of $1.15 per share, which beat the Zacks Consensus Estimate of $1.12 and surpassed the company’s guidance of $1.05-$1.11. Further, earnings increased nearly 3.6% from $1.11 reported in the prior-year period.
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Total sales rose 6% to $3,796.6 million but missed the Zacks Consensus Estimate of $3,806 million. Comparable-store sales (comps) improved 2% on the back of increased average basket size. Comps were also in line with the company’s guidance of flat to up 2%. Further, comps gained from strength in the men’s category, offset by softness in ladies apparel. Midwest was the best performing region.
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![[Bild: ROSTc1dl1651.png]](https://finviz.com/publish/052419/ROSTc1dl1651.png)
https://finance.yahoo.com/news/ross-stor...12648.html
Ross Stores (ROST) Q1 Earnings Beat, Sales Miss Hurts Stock
...
Ross Stores posted earnings of $1.15 per share, which beat the Zacks Consensus Estimate of $1.12 and surpassed the company’s guidance of $1.05-$1.11. Further, earnings increased nearly 3.6% from $1.11 reported in the prior-year period.
...
Total sales rose 6% to $3,796.6 million but missed the Zacks Consensus Estimate of $3,806 million. Comparable-store sales (comps) improved 2% on the back of increased average basket size. Comps were also in line with the company’s guidance of flat to up 2%. Further, comps gained from strength in the men’s category, offset by softness in ladies apparel. Midwest was the best performing region.
...
https://finance.yahoo.com/news/ross-stor...12648.html
