ROST - Ross Stores Stock Jumps On Q1 Earnings Beat: Key Metrics Stock Repurchase And More | Benzinga
Ross Stores Inc (NASDAQ:ROST) shares are trading higher in Thursday’s after-hours session after the company reported strong first-quarter results.
- Q1 Revenue: $4.858 billion, versus estimates of $4.833 billion
- Q1 EPS: $1.46, versus estimates of $1.34
Operating margin came in at 12.2% in the first quarter, up 205 basis points from last year’s first quarter, primarily driven by lower distribution, incentive and freight costs.
Ross Stores noted that it repurchased 1.9 million shares for an aggregate of $262 million ...