Ross Stores Inc (NASDAQ:ROST) reported second-quarter financial results after the market close on Thursday. Here’s a rundown of the specialty retailer’s report.
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Ross Stores Beats Q2 Estimates
Ross Stores beat estimates on the top and bottom lines in the second quarter, reporting revenue of approximately $6.27 billion versus estimates of $6.18 billion and earnings per share of $2.66 versus estimates of $1.94, according to Benzinga Pro.
Total revenue increased 13% year-over-year in the quarter as comparable store sales climbed 10%, primarily driven by customer traffic.
