Ross Stores profit rises 11% in Q3, sales miss
Pleasanton, Calif. — Ross Stores Inc. reported Thursday that net income rose 10.8% to $159.5 million in the third quarter, compared with $144 million a year earlier.
Revenue rose 10.6% to $2.26 billion, missing Wall Street’s expected $2.34 billion in revenue. Same-store sales climbed 5%.
The retailer has reaffirmed its guidance for the fourth quarter.
Hot Topic Q3 profit leaps 38%
City of Industry, Calif. — Hot Topic Inc. reported Wednesday that profit for the third quarter jumped 38% to $4.3 million, from $3.1 million in the year-ago quarter.
Revenue edged up 2% to $179.4 million from $175.8 million, missing Wall Street’s expected $182.9 million in revenue.
Same-store sales rose a slight 0.2%.
Buckle Q3 profit rises 9%
Kearney, Neb. — The Buckle reported Thursday that net income for the quarter ended Oct. 27 rose 9% to $41.9 million, boosted by online strength and higher same-store sales.
Overall revenue rose 4% to $284.1 million, beating Wall Street’s predicted $282.8 million. Same-store sales climbed 2.4%.