Ross Stores (NASDAQ:ROST) announced that earnings for the quarter increased by 25.9% to $1.07 per share from the same period last year mainly due to successful efforts to cut costs and inventories. Ernings were in line with estimates. Net sales increased by 15.1% to $2.76 billion from $2.397 billion in the same period last year, beating estimates of 2.751 billion.
Gross profit increased by 17.5% to $767.0 million from $652.8 million in the same period last year.
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