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Ross Stores Reports Mixed Q2 Results: EPS Beat, Revenues Miss
Benzingaยท 2025-08-21 21:03
Core Insights - Ross Stores reported second-quarter earnings of $1.56 per share, exceeding the analyst estimate of $1.53 per share [1] - The company experienced a negative impact of approximately $0.11 per share due to tariff-related costs [1] - Quarterly revenue reached $5.52 billion, which was below the Street estimate of $5.57 billion but an increase from $5.28 billion in the same quarter last year [1] Management Commentary - The CEO of Ross Stores expressed optimism about the business tone in the second quarter and indicated a cautious approach for the remainder of the year due to macroeconomic uncertainties [2] Future Outlook - For the third quarter, Ross Stores anticipates GAAP EPS between $1.31 and $1.37, lower than the analyst estimate of $1.49 [3] - The company projects fourth-quarter GAAP EPS in the range of $1.74 to $1.81, slightly above the analyst estimate of $1.71 [3] - Ross Stores' stock price increased by 2.23% to $148.87 in extended trading on Thursday [3]