Categories Earnings, Retail

ROST Earnings: Highlights of Ross Stores’ Q1 2023 results

Ross Stores Inc. (NASDAQ: ROST), which operates a chain of off-price apparel and home accessories stores, on Thursday announced results for the first quarter of 2023.

  • Net income for the first quarter of 2023 was $1.09 per share or $371 million, compared to $0.97 per share or $338 million last year
  • First-quarter sales came in at $4.5 billion, up from $4.3 billion recorded in the prior-year period
  • Comparable store sales increased 1% year-over-year during the three-month period
  • Operating margin for the period was 10.1%, down from 10.8% in the same period of 2022
  • During the first quarter, the company repurchased 2.2 million shares for an aggregate price of $234 million
  • The management expects that comparable store sales would be relatively flat in the second quarter of 2023
  •  The company projects earnings per share in the range of $1.07 to $1.14 for the July quarter

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Ulta Beauty (ULTA) Earnings: 1Q23 Key Numbers

Ulta Beauty, Inc. (NASDAQ: ULTA) reported net sales of $2.6 billion for the first quarter of 2023, up 12.3% from the same period a year ago. Comparable sales grew 9.3%.

Costco (COST) Q3 2023 earnings drop on weak sales growth

Costco Wholesale Corporation (NASDAQ: COST) on Thursday reported a 2% increase in third-quarter 2023 revenues. However, the warehouse behemoth's earnings declined. Third-quarter revenue increased 1.9% to $53.6 billion from $52.6 billion

Key takeaways from Dollar Tree’s (DLTR) Q1 2023 earnings report

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down 9% on Thursday after the company delivered mixed results for the first quarter of 2023. The discount retailer missed expectations on

Add Comment
Viewing Highlight