Discount store company Ross Stores Inc. (ROST) on Thursday provided outlook for the third quarter and fiscal 2021. In the third quarter, the company expects earnings per share between $0.61 and $0.69 and same store sales to be up 5-7 percent. On average, 21 analysts expect the company to post earnings of $0.93 per share in the third quarter. The company also raised its full year earnings per share guidance to be between $4.20 and $4.38 on a comparable store sales gain of 10-11 percent. Ross Stores earlier expected earnings per share between $3.93 and $4.20. On average, 24 analysts expect the company to post earnings of $4.35 per share for the year. In the second quarter, the company's profit totaled $494.26 million, or $1.39 per share. This compares with $22.05 million, or $0.06 per share, in last year's same quarter. Analysts had expected the company to earn $0.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 79.1% to $4.80 billion from $2.68 billion last year while consensus revenue was $4.48 billion. In after-market trading, the stock is down $5.80 or 4 percent to $120.78. ROST ended Thursday's trade at $126.58, up $2.53 on the NYSE.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.