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Ross Stores (NasdaqGS: ROST) 1Q19 Results: Beats Consensus, Men’s Category Performs Well While Ladies Apparel Underperforms

Executive Summary

  • Ross Stores 1Q19 revenues were $3.79 billion, even with the consensus estimate and up 5.8% year over year. The company reported 1Q19 adjusted EPS of $1.15, higher than the consensus estimate of $1.12 and up from the year ago period.
  • Comparable sales were up 2%, at the high end of company guidance of flat to 2%.
  • The company raised its 2019 full year EPS guidance to $4.38-4.52, up from and compared to the consensus estimate of $4.52. The company expects its second quarter EPS to be $1.06-1.11, up from $1.04 in the prior year and compared to the consensus estimate of $1.14.

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