positive
Ross Stores Reports Better-Than-Expected Quarter with Revenue Momentum
Ross Stores posted quarterly earnings of about $1.58 per share, exceeding analyst expectations of roughly $1.41. Revenue reached nearly $5.60 billion, also above projections of $5.42 billion. The company cited strong demand in value apparel categories and disciplined inventory management, which supported margins.
Shares rose more than 2% in after-hours trading as investors responded positively to resilient consumer spending trends and operational efficiency improvements during the quarter.
Companies:
- Ross Stores
Tags:
- stocks
- retail
CNBC• By Pooja Kumari
Explore:Mutual Fund Themes
positive
Ross Stores Reports Better-Than-Expected Quarter with Revenue Momentum
Ross Stores posted quarterly earnings of about $1.58 per share, exceeding analyst expectations of roughly $1.41. Revenue reached nearly $5.60 billion, also above projections of $5.42 billion. The company cited strong demand in value apparel categories and disciplined inventory management, which supported margins.
Shares rose more than 2% in after-hours trading as investors responded positively to resilient consumer spending trends and operational efficiency improvements during the quarter.
Companies:
- Ross Stores
Tags:
- stocks
- retail
CNBC• By Pooja Kumari
Explore:Mutual Fund Themes
1 min read
66 words
Ross Stores exceeded earnings and revenue estimates, lifting shares over 2% as value-driven consumer demand and tight inventory controls supported margins.
Ross Stores posted quarterly earnings of about $1.58 per share, exceeding analyst expectations of roughly $1.41. Revenue reached nearly $5.60 billion, also above projections of $5.42 billion. The company cited strong demand in value apparel categories and disciplined inventory management, which supported margins.
Shares rose more than 2% in after-hours trading as investors responded positively to resilient consumer spending trends and operational efficiency improvements during the quarter.
Ross Stores posted quarterly earnings of about $1.58 per share, exceeding analyst expectations of roughly $1.41. Revenue reached nearly $5.60 billion, also above projections of $5.42 billion. The company cited strong demand in value apparel categories and disciplined inventory management, which supported margins.
Shares rose more than 2% in after-hours trading as investors responded positively to resilient consumer spending trends and operational efficiency improvements during the quarter.
Companies:
- Ross Stores
Tags:
- stocks
- retail
- stocks
- retail
- earnings
- ross stores