Ross Stores Q1 EPS $1.09 Beats $1.06 Estimate, Sales $4.49B Miss $4.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ross Stores reported Q1 earnings of $1.09 per share, beating the $1.06 estimate, and sales of $4.49B, missing the $4.50B estimate. This represents a 12.37% increase in earnings and a 3.72% increase in sales compared to the same period last year.
May 18, 2023 | 8:01 pm
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Ross Stores' Q1 earnings beat estimates with a 12.37% YoY increase, while sales slightly missed estimates with a 3.72% YoY increase.
Ross Stores' Q1 earnings beat analyst estimates, which is a positive sign for the company. However, the slight miss in sales may offset the positive impact of the earnings beat. As a result, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100