Insight Report 3 minutes PremiumRoss Stores (ROST) 2Q16 RESULTS: ABOVE EXPECTED PERFORMANCE; WOMEN’S BUSINESS CHALLENGING Coresight Research August 19, 2016 Executive Summary Ross Stores reported 2Q16 EPS of $0.71 and beat the consensus estimate of $0.67, and was up 13% from last year. The Midwest was one of the strongest performing regions, and the company plans further expansion there. Weakness in the ladies’ apparel business and rising labor costs are two headwinds for Ross Stores. The company slightly lowered its guidance for the fiscal year and guided for EPS of $2.69–$2.75 versus the prior guidance of $2.63–$2.72. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Data and AI in Retail Media—Collaboration and Data Cleansing Illuminate the Way ForwardIndustry Insights: Decoding Shein and TemuHoliday 2022: UK Retail Wrap-UpInnovator Profile: Machyna—Revolutionizing Retail with Smart Shopping Carts and Baskets
