Despite lingering challenges in ladies apparel, something that the management team clearly warned about after the holiday season, Ross Stores (ROST) managed to deliver yet another solid set of results.
Both revenues and earnings exceeded consensus by a narrow margin, while the EPS guidance for the year was increased by five cents at the mid-point of the range. Yet, the stock pulled back by as much as 3% in after-hours trading without too much justification, other than possibly:
- a slowdown in comps that should have been largely expected, as the retailer laps