ross stores

Ross Stores posted a strong first quarter, with both earnings and sales gaining.

For the first quarter ended April 29, Ross Stores posted earnings of $321 million, or 82 cents per diluted share, versus $290.6 million, or 73 cents per diluted share, in the period last year.

Ross earnings per diluted share topped a MarketBeat analyst average estimate by two cents.

Sales gained 7% to $3.31 billion with comparable store sales up 3%, the company noted.