Ross Stores (ROST) Tops Q3 EPS by 6c, Revenues Beat, Comp. Sales Up 5%; Offers Q4 & FY19 EPS Guidance
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Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter Guidance
November 21, 2019 4:01 PM ESTDUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (Nasdaq: ROST) today reported earnings per share for the third quarter ended November 2, 2019 of $1.03, up from $.91 last year. Net earnings grew to $371 million from $338 million in the prior year. Third quarter sales rose 8% to $3.8 billion, with comparable store sales up a strong 5% on top of last years gain of 3%.
For the nine months ended November 2, 2019, earnings per share were $3.32, up from $3.06 last year. Net earnings were $1.2 billion, compared to $1.1 billion in the prior year. Sales year-to-date rose 7% to $11.6 billion, with comparable... More
