Ross Stores Reports 18% Increase in Profit for Q2 Earnings Period
Q2 Revenue Surges by 7% Driven by Strong Value Offerings
Retail giant Ross Stores, Inc. [ROST] announced a robust financial performance in the second quarter ending August 3, 2024. The company reported a net income of $527 million for the quarter, showcasing an increase from the previous quarter.
The company, headquartered in Dublin, California, reported to SEC in an 8-K filing $1.59 earnings per share in the quarter, compared to $1.32 in the previous quarter.
Ross Stores, a prominent retailer in the industry, reported total sales of $5.3 billion in the current period, reflecting a 7% increase compared to the previous quarter's revenue.
Ross Stores demonstrated consistent growth as its current quarter revenue increased by 7% compared to the same quarter in the previous year. Additionally, the company saw a notable 18% increase in profit for the current quarter when compared to the same quarter of the previous year.
As of August 20, 2024 end of day trading.
