Ross Stores Q2 Earnings: Beats Top and Bottomline Estimates, Stock Rises
Portfolio Pulse from Ryan Gustafson
Ross Stores, Inc. (NASDAQ:ROST) reported Q2 earnings of $1.32 per share, beating the analyst consensus estimate of $1.16. The company also reported quarterly sales of $4.90 billion, beating the analyst consensus estimate of $4.75 billion. The company expects Q3 earnings per share to be between $1.16 and $1.21. The company repurchased 2.2 million shares of common stock for $230 million and plans to buy back $950 million of common stock this year.
August 17, 2023 | 8:24 pm
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Ross Stores reported strong Q2 earnings and sales, beating estimates. The company's stock repurchase program and positive Q3 outlook may boost investor confidence.
Ross Stores reported strong Q2 earnings and sales, beating analyst estimates. This positive financial performance, along with the company's stock repurchase program and positive Q3 outlook, could increase investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100