Ross Raises Earnings Expectations for Fiscal 2019
May 23 2019 - 4:49PM
Dow Jones News
By Aisha Al-Muslim
Ross Stores Inc. (ROST) on Thursday raised the earnings range of
its full-year fiscal guidance.
For fiscal 2019, ending Feb. 1, 2020, the off-price retailer now
expects earnings per share of $4.38 to $4.52, compared with its
prior estimate of $4.30 to $4.50.
For the second quarter, ending Aug. 3, Ross expects same-store
sales to be up 1% to 2%, on top of a 5% gain last year. The company
also guided quarterly earnings per share of $1.06 to $1.11,
compared with analysts' estimates of $1.14 a share.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
May 23, 2019 16:34 ET (20:34 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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