Ross Stores Q1 2024 GAAP EPS $1.46 Beats $1.34 Estimate, Sales $4.858B Beat $4.833B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ross Stores (NASDAQ:ROST) reported strong Q1 2024 earnings, with GAAP EPS of $1.46 beating the estimate of $1.34 and sales of $4.858 billion surpassing the $4.833 billion estimate. This represents significant year-over-year growth in both earnings and sales.
May 23, 2024 | 8:03 pm
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Ross Stores reported Q1 2024 GAAP EPS of $1.46, beating the estimate of $1.34, and sales of $4.858 billion, surpassing the $4.833 billion estimate. This indicates strong financial performance and significant year-over-year growth.
The better-than-expected earnings and sales figures, along with significant year-over-year growth, are likely to positively impact Ross Stores' stock price in the short term. Investors typically react favorably to such strong financial performance.
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