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Benzinga
Benzinga
Business
Akanksha Bakshi

Why Ross Stores Shares Are Plummeting After Hours - Provides Dismal Outlook Like Other Retailers

Ross Stores, Inc. (NASDAQ:ROST) reported a first-quarter sales decline of 4.1% year-over-year to $4.33 billion, missing the consensus of $4.53 billion.

Comparable store sales declined 7% compared to a robust 13% gain in 1Q21 versus 2019. EPS of $0.97, below the consensus of $1.

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