Ross Stores Remains the Big Winner of Brick-and-Mortar Retail
Most U.S. retailers produced better results last quarter than they did in the first few months of 2017. Nevertheless, the vast majority of them posted second-quarter adjusted earnings that were flattish or down on a year-over-year basis.
Ross Stores (NASDAQ: ROST) was the biggest exception. The off-price giant reported strong sales growth and a 15% jump in earnings per share, outpacing its larger off-price rival TJX (NYSE: TJX). With American consumers still laser-focused on getting the most bang for their buck, Ross Stores' success is likely to continue for the foreseeable future.
Ross Stores bucked a retail industry sales slowdown in the first quarter with a solid 3% comparable-store sales increase. Even TJX -- usually a strong performer -- only managed 1% comp-sales growth during the same period, with a flat performance at its flagship "Marmaxx" segment, which consists of T.J. Maxx and Marshalls stores in the United States.
Source: Fool.com
Ross Stores Inc. Aktie
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