Key Details
Price
$155.70Last Dividend
$0.37Annual ROE
40.93%Beta
0.69Events Calendar
Next earnings date:
N/ARecent quarterly earnings:
Nov 21, 2024Recent annual earnings:
Mar 05, 2024Next ex-dividend date:
Dec 10, 2024Recent ex-dividend date:
Sept 10, 2024Next split:
N/ARecent split:
June 12, 2015Analyst ratings
Recent major analysts updates
Market Data
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Profitability
Efficiency
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Ross Stores reported slight growth in net sales and an increase in gross margin for the third quarter of 2024, but same-store sales growth slowed down considerably because of weather conditions. The management has raised its earnings per share guidance for the fiscal year 2024, and they anticipate an improvement in same-store sales growth in the fourth quarter. However, even with a promising outlook and a new CEO with solid retail experience, the current valuation does not support a higher rating, so I recommend holding onto ROST shares.
Ross Stores plans to attract customers and increase sales by providing good value and creating a "treasure hunt experience," company leaders mentioned on Thursday (Nov. 21) during their quarterly earnings call.
U.S. stocks were mostly up during the middle of the trading session, with the Dow Jones index increasing by over 250 points on Friday.
On Friday morning, shares of Ross Stores (ROST) rose after the discount retailer reported earnings that exceeded expectations.
Gap Inc (NYSE:GAP) and Ross Stores Inc (NASDAQ:ROST) are experiencing significant changes in their stock prices following the release of their quarterly earnings.
Ross Stores, Inc. (NASDAQ:ROST) will hold its Q3 2024 Earnings Conference Call on November 21, 2024, at 4:15 PM ET. The call will feature key company leaders, including CEO Barbara Rentler and CFO Adam Orvos. Several financial analysts from major firms will also participate in the discussion.
While the revenue and earnings per share (EPS) for Ross Stores (ROST) provide insight into its performance for the quarter ending in October 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Ross Stores (ROST) reported quarterly earnings of $1.48 per share, which is higher than the Zacks Consensus Estimate of $1.39 per share. This is an increase compared to earnings of $1.33 per share from the same period last year.
On Thursday, off-price retailer Ross Stores increased its yearly profit prediction due to reduced shipping and supply-chain expenses, which helped lessen the effects of declining sales in its stores. As a result, the company's shares rose by 7% after the market closed.
DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (Nasdaq: ROST) has announced that its Board of Directors has approved a regular quarterly cash dividend of $0.3675 per common share, which will be paid on December 31, 2024, to shareholders who are on record as of December 10, 2024. Ross Stores, Inc. is a company listed in the S&P 500, Fortune 500, and Nasdaq 100, based in Dublin, California, and it reported revenues of $20.4 billion for the fiscal year 2023. The company currently operates Ross Dress for Less stores.
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