ROST posts strong Q1 results, exceeding estimates as sales pick up pace and cosmetics lead category gains.
Initiating Ross Stores with a 'Buy' rating and $160 fair value, despite flat Q1 SSS and weak near-term guidance. Tariffs and weak consumer confidence are near-term headwinds, but Ross's off-price model and store expansion support long-term growth. Ross's generous capital allocation—strong free cash flow, dividends, and buybacks—reinforces shareholder value.
Ross Stores, Inc. (NASDAQ:ROST ) Q1 2025 Earnings Conference Call May 21, 2025 4:15 PM ET Company Participants James Conroy - Chief Executive Officer Adam Orvos - Executive Vice President and Chief Financial Officer Michael Hartshorn - Group President and Chief Operating Officer Conference Call Participants Matthew Boss - JPMorgan Lorraine Hutchinson - Bank of America Mark Altschwager - Baird Tracy Kogan - Citigroup Michael Binetti - Evercore ISI Alexandra Straton - Morgan Stanley Chuck Grom - Gordon Haskett Brooke Roach - Goldman Sachs Juliana Duque - Wells Fargo Securities Simeon Siegel - BMO Capital Markets Dana Telsey - Telsey Advisory Group Aneesha Sherman - Bernstein Marni Shapiro - The Retail Tracker Laura Champine - Loop Capital Markets Corey Tarlowe - Jefferies Jessica Taylor - Deutsche Bank Angus Kelleher-Ferguson - Barclays Operator Good afternoon and welcome to the Ross Stores First Quarter 2025 Earnings Release Conference Call. The call will begin with prepared comments by management followed by a question-and-answer session.
Ross Stores (ROST) came out with quarterly earnings of $1.47 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.46 per share a year ago.
The discount department store chain said it was off to a slow start in the first quarter, and withdrew its full-year outlook as tariffs are expected to drag on earnings.
Ross Stores (NASDAQ: ROST) is set to announce its fiscal first-quarter earnings on Thursday, May 22, 2025, with analysts forecasting earnings of $1.43 per share and $4.96 billion in revenue. This would indicate a 3% decrease in earnings year-over-year and a 2% increase in sales compared to last year's figures of $1.47 per share and $4.86 billion in revenue.
Evaluate the expected performance of Ross Stores (ROST) for the quarter ended April 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
ROST's Q1 results are likely to reflect solid execution of its off-price model and store expansion strategy, though macroeconomic challenges may weigh.
Ross Stores (ROST) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ross Stores (ROST) concluded the recent trading session at $149.29, signifying a +0.02% move from its prior day's close.
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Ross Stores (ROST) closed at $141.47 in the latest trading session, marking a +0.7% move from the prior day.