Ross Stores Q2 net income downChristian Fernsby ▼ | August 21, 2020
Ross Stores reported its 2020 second quarter and first half financial results.
Ross Stores This compares to net income of $413 million last year
Topics: Ross Stores
This compares to net income of $413 million last year.
Total sales for the period were $2.7 billion, down from $4.0 billion in the second quarter of 2019.
Comparable store sales were down 12% for reopened stores from the date of their reopening to the end of the fiscal quarter.
econd quarter 2020 results include a $174 million benefit related to the partial reversal of the inventory valuation reserve from the first quarter. ■