earnings
confidence high
sentiment positive
materiality 0.85
Ross Stores Q2 EPS $1.59 beats prior year $1.32; raises full-year guidance to $6.00-$6.13
ROSS STORES, INC.
2024-Q2 EPS reported
$3.05
revenue$10,145,586,000
- Q2 net sales $5.3B (+7% YoY); comp store sales +4%.
- Operating margin 12.5% improved 115 bps; net income $527M vs $446M last year.
- Q2 share repurchases $262M (1.8M shares); on track for $1.05B buyback in FY2024.
- Guides Q3 EPS $1.35-$1.41, Q4 EPS $1.60-$1.67; full-year EPS $6.00-$6.13.
- Cautious outlook: low-to-moderate income customers pressured by high costs; uncertain environment.