Ross Stores reports Q2 EPS $1.32, consensus $1.16

Reports Q2 revenue $4.93B, consensus $4.75B. Q2 comparable store sales were up 5% versus down 7% in the second quarter of 2022. Barbara Rentler, Chief Executive Officer, commented, “We are pleased with our second quarter results, with both sales and earnings well above our expectations. Along with easing inflationary pressures, customers responded well to our improved value offerings throughout our stores. Second quarter operating margin was flat to last year at 11.3%.”