Add as a preferred source on GoogleRoss Stores’ Fiscal Second-Quarter Sales Rose 13% to $6.265 Billion
Comparable-store sales increased 10%. Net income was $851 million, including an estimated benefit from IEEPA tariff refunds.
Ross Stores generated $6.265 billion in sales during the 13 weeks ended Aug. 1, a 13% increase from a year earlier.
Comparable-store sales advanced 10%. Customer traffic increased about 7%, while average basket size grew 3%.
Net income was $851 million, and earnings per share were $2.66.
The results included an estimated $253 million in tariff refunds tied to the International Emergency Economic Powers Act (IEEPA). The refunds benefited earnings per share by about $0.60.
Ross’s Aug. 20 outlook projected comparable-store sales growth of 6% to 7% in fiscal third quarter and 4% to 5% in fiscal fourth quarter.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.