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Earnings Abstract: A snapshot of Ross Shops’ Q2 2024 outcomes

by Index Investing News
August 26, 2024
in Markets
Reading Time: 2 mins read
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Ross Shops Inc. (NASDAQ: ROST), which operates a series of off-price attire and residential equipment shops, has reported monetary outcomes for the second quarter of 2024.

  • July-quarter web revenue elevated to $527.1 million or $1.59 per share from $446.3 million or $1.32 per share in the identical interval final yr
  • The corporate reported complete gross sales of $5.29 billion for the second quarter, in comparison with $4.93 billion a yr earlier
  • Working margin elevated by 115 foundation factors to 12.5% in the course of the three months
  • Through the quarter, the corporate repurchased1.8 million shares of its frequent inventory for about $262 million
  • For the third quarter, the corporate expects comparable retailer gross sales to extend by 2-3%
  • Q3 earnings per share is projected to be within the vary of $1.35 to $1.41, vs. $1.33 within the prior yr interval
  • For the total fiscal yr, the corporate forecasts earnings per share to be within the vary of $6.00 to $6.13, vs. $5.56 in fiscal 2023



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