Ross Stores (NASDAQ:ROST) reported its Q1 results, with EPS of $1.09 coming in better than the consensus estimate of $1.06.
Revenue grew 3.7% year-over-year to $4.49 billion, slightly above the consensus estimate of $4.48B. Comparable store sales were up 1% year-over-year.
“Despite continued inflationary pressures impacting our low-to-moderate income customers, first quarter sales were relatively in line with our expectations,” said CEO Barbara Rentler.
For Q2/24, the company expects EPS in the range of $1.07-$1.14, compared to the consensus of $1.25. For the full year, the company anticipates EPS of $4.77-$4.99, compared to the consensus estimate of $4.95.