Ross Stores updates FY25 earnings guidance to $5.79-5.98 EPS, Q2 guidance to $1.43-1.49 EPS, and reports Q1 earnings of $1.

Ross Stores (NASDAQ:ROST) updated its FY25 earnings guidance to $5.79-5.98 EPS, compared to the consensus estimate of $5.94, and Q2 guidance of $1.43-1.49 EPS. The company reported first-quarter earnings of $1.46 per share on net earnings of $488 million, a 205-basis-point increase in operating margin compared to last year's first quarter. Sales for Q1 grew 8% to $4.9 billion, and comparable sales rose 3% year-over-year.

May 23, 2024
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