Ross Stores’ Fiscal Second-Quarter Sales Rose 13% to $6.265 Billion
Photo: TokenPost
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%. 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 reports on investing and digital-asset markets for TokenPost.
Source: TokenPost
