Ross Shops Inc. (NASDAQ: ROST), which operates a sequence of off-price attire and residential equipment shops, has reported blended outcomes for the second quarter of fiscal 2025.
- Internet revenue declined to $508 million or $1.56 per share in Q2 from $527 million or $1.59 per share within the year-ago quarter
- Complete gross sales elevated 5% within the second quarter to $5.5 billion from $5.3 billion within the corresponding quarter of FY24
- In Q2, working margin decreased 95 foundation factors to 11.5% in comparison with the prior-year interval, primarily reflecting tariff-related prices
- In the course of the quarter, the corporate repurchased a complete of 1.9 million shares for an combination value of $262 million
- For each the third and fourth quarters, Ross is concentrating on comparable retailer gross sales progress of up 2% to three%.
- Earnings per share for the third quarter are projected to be between $1.31 and $1.37, versus $1.48 final yr
- For the fourth quarter, the administration tasks earnings per share within the vary of $1.74 to $1.81
- For fiscal 2025, the corporate forecasts earnings per share within the vary of $6.08 to $6.21, versus $6.32 final yr
