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Off-price retailer $ROST posted higher 1Q16 earnings, helped by higher sales compared to last year. Net earnings were $291MM or $0.73 per diluted share compared to $282MM or $0.69 per diluted share in 1Q15. Sales increased 5% to $3.1Bil, with comparable store sales up 2% on top of a strong 5% gain in 1Q15.
You are such a letdown $FII. I regret not selling you when you were nearing $33. Now I am stuck with you, you are stuck with me!
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!