Ross Stores (ROST) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Ross Stores reported revenue of $5.29 billion for the quarter ended July 2024, reflecting a year-over-year increase of 7.2% [1] - Earnings per share (EPS) for the quarter was $1.59, up from $1.32 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $5.25 billion by 0.73%, while the EPS surpassed the consensus estimate of $1.49 by 6.71% [1] Performance Metrics - Comparable store sales increased by 4% year-over-year, outperforming the average estimate of 2.7% from six analysts [3] - The store count at the end of the period was 2,148, slightly below the average estimate of 2,151 from four analysts [4] - The number of stores opened during the quarter was 21, which was lower than the average estimate of 24 from three analysts [5] Stock Performance - Over the past month, shares of Ross Stores have returned +6.5%, compared to a +2.9% change in the Zacks S&P 500 composite [5] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [5]