Ross Stores beats Street in Q2

Dublin, Calif. —Ross Stores Inc. surpassed Wall Street expectations for profit and revenue in a successful second quarter of fiscal 2015. Net earnings rose 8% to $259 million from $240 million the same quarter the prior fiscal year.

Sales rose 9% to $2.97 billion from $2.73 billion, with same-store sales up 4%

"We are pleased with our solid sales and earnings growth for both the second quarter and first six months,” said Barbara Rentler, CEO.“These results reflect that our assortments of compelling name brand bargains continue to resonate with today's value-focused customers."

For the third fiscal quarter, Ross Stores expects same-store sales to rise 1-2%, with same-store sales ranging from flat to up 1% in the fourth fiscal quarter.