Ross Stores Inc. (ROST) reported that its third-quarter net earnings grew 83% to $105.1 million, from $57.3 million in the same quarter last year. Earnings per share for the quarter increased 91% to $0.84, from $0.44 last year.
Sales for the quarter increased 12% to $1.744 billion, from $1.56 billion in the year ago quarter. Comparable store sales up a strong 8% over last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.84 per share on revenues of $1.73 billion for the quarter. Analysts' estimates typically exclude special items.
For the fourth-quarter, the company continues to forecast same store sales gains of 5% to 6% and earnings per share in the range of $0.88 to $0.94. Analysts expect the company to report earnings of $0.99 per share for the fourth-quarter.
For the fiscal year 2009, the company now project earnings per share to increase 40% to 43% to $3.27 to $3.33, up from $2.33 in fiscal 2008. Analysts expect the company to report earnings of $3.37 per share for fiscal 2009. Earlier, the company had expected earnings to be in the range of $3.18 - $3.26 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.