Ross Stores (NASDAQ:ROST) shares rose more than 5% pre-market today after the company’s announcement of a second-quarter performance that exceeded expectations, coupled with its guidance that surpasses consensus forecasts.
The retailer posted earnings of $1.32 per share, accompanied by revenue of $4.93 billion, reflecting a 7.7% increase compared to the same period last year. This performance exceeded the Street predictions, which had anticipated earnings of $1.16 per share on revenue amounting to $4.75 billion.
Looking ahead, Ross Stores anticipates EPS in the range of $1.16 to $1.21 for the third quarter. For the full year, the company sees EPS at $5.15-$5.26, above the Street estimate of $4.97.