Ross Stores Q1 Earnings Review: A Mixed Bag for Discount Retailer Stocks

Ross Stores (ROST) reported Q1 revenues of $4.98 bln, up 2.6% YoY, exceeding analysts' expectations by 0.5%. Despite this, the company's EPS and revenue guidance for next quarter missed analysts' expectations. Ross Stores' stock is down 14.4% since reporting and currently trades at $130.20. In contrast, Ollie's Bargain Outlet (OLLI) reported revenues of $576.8 mln, up 13.4% YoY, outperforming analysts' expectations by 1.9%.