Ross Stores Inc. (ROST) reported an increase in their second-quarter profits, surpassing Wall Street's expectations.
The company posted a net income of $527.15 million, or $1.59 per share, compared to $446.32 million, or $1.32 per share, in the same quarter last year.
Analysts, as surveyed by Thomson Reuters, had projected earnings of $1.50 per share, excluding any special items.
Revenue for the quarter saw a 7.2% increase, reaching $5.287 billion, up from $4.934 billion in the previous year.
Key financial figures for Ross Stores Inc. (GAAP) for Q2:
- Net Income: $527.15 million, up from $446.32 million last year.
- Earnings Per Share (EPS): $1.59, compared to $1.32 last year.
- Revenue: $5.287 billion, compared to $4.934 billion last year.
Guidance for the next quarter:
- EPS is expected to be in the range of $1.35 to $1.41.
