The No. 2 off-price chain posted solid results in the second quarter, but TJX stock looks like a better buy at the moment.
News & Analysis: Ross Stores
ROST earnings call for the period ending June 30, 2019.
Many retailers have been struggling recently, but the two largest off-price retail companies probably bucked the trend during the second quarter.
The off-price retailer barely achieved positive comparable-store sales last quarter, but the company convinced investors that sales and earnings trends will improve soon.
The No. 2 off-price retailer didn't quite live up to its own lofty standards for sales and earnings growth last quarter.
ROST earnings call for the period ending May 4, 2019.
The top two off-price retailers have a unique ability to shrug off the headwinds that often undermine their rivals' results.
The off-price retailer delivered good results despite a merchandising error.
ROST earnings call for the period ending February 2, 2019.
Christmas wasn't kind to department stores, but the two biggest off-price retailers in the U.S. probably had another successful holiday season.