For the second quarter, Ross Stores’ net income was US $ 527 million, and throughout the course of the six-month period, it was US $ 1 billion.
With comparable store sales up 4 per cent from the previous year, the quarter’s total sales grew 7 per cent to US $ 5.3 billion. The first half saw a 10.1 billion dollar gain in revenues, with comparable store sales rising by 3 per cent.
Commenting on the trading update, Barbara Rentler, Ross Stores CEO said in a statement: “Second quarter sales and earnings were above our expectations as our stronger value offerings resonated with our customers. Operating margin increased 115 basis points to 12.5 percent compared to the prior year period.”
