NEW YORK — Higher sales and cost controls paved the way for off-price retail chain Ross Stores to report a 9.9 percent gain in its second-quarter profits.
For the three months ended Aug. 2, the Newark, Calif.-based firm said it earned $54.6 million, or 70 cents a diluted share, matching Wall Street’s expectations. Last year, the company reported earnings of $49.7 million, or 62 cents. Sales for the quarter notched up 10.1 percent to $965.6 million from $876.9 million and comparable-store sales were flat on top of a 9 percent increase in the prior year.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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