Ross Stores Stock Surges on Blowout Sales and Earnings Beat
Ross Stores reported a 17% surge in comparable store sales for the first quarter, driving earnings per share to $2.02, significantly above the company's own guidance of $1.60 to $1.67. The strong performance led to a pop in the company's stock price.
Key facts
- Comparable store sales surged 17% in the first quarter.
- Earnings per share reached $2.02.
- Company guidance was $1.60 to $1.67 per share.
- Stock price increased following the earnings report.
Entities
Institutions
- Ross Stores
Sources
- Quartz —