Ross Stores (ROST) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.33 per share a year ago.
Off-price retailer Ross Stores raised its annual profit forecast on Thursday, as lower freight and supply-chain costs helped soften the impact of slowing sales at its stores, sending its shares up 7% after the bell.
Ross Stores Inc. shares rose more than 5% in the extended session Thursday after the discount retailer beat profit expectations even as it said business has slowed from earlier in the year.
Ross Stores, Inc. ROST will release earnings results for its third quarter, after the closing bell on Thursday, Nov. 21.
Continued challenges from persistent inflation have been hurting retail customers with low-to-moderate incomes. This should have weighed on ROST's Q3 top line.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Ross Stores (ROST), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2024.
Ross Stores (ROST) closed at $142.33 in the latest trading session, marking a +1.33% move from the prior day.
Ross Stores (ROST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The latest trading day saw Ross Stores (ROST) settling at $143.40, representing a +0.96% change from its previous close.
ROST's strategic efforts, including store expansion plans and business model, appear encouraging.
In the closing of the recent trading day, Ross Stores (ROST) stood at $139.72, denoting a +0.09% change from the preceding trading day.
Ross Stores Inc. NASDAQ: ROST is the largest off-price apparel and home fashion retailer in the United States, with over 1,800 stores in 43 states and the District of Columbia. The retail/wholesale sector giant just opened 43 new Ross Dress for Less and four dd's DISCOUNTS stores across 22 states in September and October of 2024.