04:47 PM EDT, 05/23/2024 (MT Newswires) -- Ross Stores ( ROST ) reported fiscal Q1 earnings late Thursday of $1.46 per diluted share, up from $1.09 a year earlier.

Analysts polled by Capital IQ expected $1.36.

Sales for the quarter ended May 4 totaled $4.86 billion, up from $4.49 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.83 billion.

Ross Stores ( ROST ) said it expects fiscal Q2 EPS of $1.43 to $1.49 on comparable store sales growth of 2% to 3%. Analysts polled by Capital IQ are looking for EPS of $1.47 and comparable sales growth of 3%.

The company now expects fiscal 2025 EPS of $5.79 to $5.98, compared with $5.64 to $5.89 previously. Analysts are expecting EPS of $5.94. Comparable store sales guidance for the 52 weeks ending Feb. 1, 2025 remain unchanged at up 2% to 3%.

Shares of Ross Stores ( ROST ) were up over 6% in recent after-hours activity.

Price: 140.38, Change: +8.52, Percent Change: +6.46