Ross Meets As Apparel Continues To Struggle
Ross Stores (ROST) reported quarterly sales and earnings in line with analyst estimates Thursday, but shares still haven't recovered from a dismal February sales report. The discounter said Q4 earnings rose 26% to $1.07 per share on higher merchandise gross margin. Sales climbed 15% to $2.7 billion, its highest revenue growth in several years. Same-store sales, or sales in stores open at least a year, rose 7%. Shares rose 3.5% to 58.11 in the
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