** charts before earnings **
** charts after earnings **
Ross Stores beats by $0.03, beats on revs; comps +5%; guides OctQ EPS in-line; guides JanQ EPS below consensus
- Reports Q2 (Jul) earnings of $1.04 per share, $0.03 better than the S&P Capital IQ Consensus of $1.01 and above prior guidance of $0.95-0.99; revenues rose 8.9% year/year to $3.74 bln vs the $3.66 bln S&P Capital IQ Consensus.
- Same store comps were +5% vs prior guidance of +1-2%.
- Though better than expected, co says operating margin of 13.8% was down from last year as higher merchandise margin and leverage on occupancy and buying costs were more than offset by a combination of unfavorable timing of packaway-related expenses, higher freight costs, and this year's wage investments.
- Co issues in-line guidance for Q3 (Oct), sees EPS of $0.84-0.88 vs. $0.88 S&P Capital IQ Consensus. Co reaffirms Q3 comps guidance of +1-2%.
- Co issues downside guidance for Q4 (Jan), sees EPS of $1.02-1.07 vs. $1.09 S&P Capital IQ Consensus. Co reaffirms Q4 comps guidance of +1-2%.
No comments:
Post a Comment