-
Ross Stores Q2 earnings beat estimates
Pleasanton, Calif. -- Ross Stores Inc. reported a profit of $213 million for the second quarter, compared with $182 million last year and beating Wall Street’s expectations.
Revenue rose 9% to $2.5 billion, matching forecasts. Same-store sales edged up 4%, compared to a 7% rise in the same period last year. However, the retailer expressed caution about the months ahead.
-
Hibbett Sports profit leaps 34% in Q2, cuts view
New York -- Hibbett Sports reported that profit surged 34% to $10.5 million in the second quarter, compared with $7.9 million last year and just edging Wall Street expectations.
Sales matched forecasts with a 13% rise to $186.2 million. Same-store sales edged up 0.3%.
But the sporting goods retailer lowered its full-year outlook, citing concern over consumer spending.