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
Key takeaways from Kroger’s (KR) Q1 2025 earnings report
The Kroger Co. (NYSE: KR) recently reported mixed results for the first quarter of fiscal 2025, with earnings beating estimates and sales missing. The grocery giant’s stock rose following the
What to expect when McCormick & Company (MKC) reports Q2 2025 earnings results
Shares of McCormick & Company, Incorporated (NYSE: MKC) gained over 1% on Monday. The stock has dropped 7% over the past three months. The condiments maker is slated to report its second
Earnings Preview: Paychex (PAYX) looks set to end FY25 on a strong note
Paychex Inc. (NASDAQ: PAYX) has benefited from the stable labor market and resilient customers, despite inflationary pressures and the challenging economic environment. The company is leveraging its strong fundamentals and