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ROST continues its aggressive expansion with the opening of 19 stores, reinforcing its leadership in off-price retail amid the near-term headwinds.
Telsey Advisory analyst Dana Telsey reiterated a Market Perform rating on the shares of Ross Stores Inc ROST and lowered the price forecast from $175.00 to $150.00.
ROST fourth-quarter results reflect gains from strong customer response to its enhanced selection of quality branded bargains in the key holiday season.
Ross Stores, Inc. (NASDAQ:ROST ) Q4 2024 Earnings Conference Call March 4, 2025 4:15 PM ET Company Participants Connie Kao - Group VP, IR Jim Conroy - CEO Adam Orvos - EVP and CFO Michael Hartshorn - President and COO Conference Call Participants Matthew Boss - JPMorgan Chase & Co. Paul Lejuez - Citigroup Inc. Mark Altschwager - Robert W. Baird & Co. Lorraine Hutchinson - Bank of America Merrill Lynch Michael Binetti - Evercore ISI Brooke Roach - Goldman Sachs Group, Inc. Chuck Grom - Gordon Haskett Alexandra Straton - Morgan Stanley Adrienne Yih - Barclays Capital Aneesha Sherman - Sanford C.
Ross Stores (ROST) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.82 per share a year ago.
Discount retailer Ross Stores forecast annual sales and profit below estimates on Tuesday, joining its larger peers in indicating a dip in consumer demand due to rising inflationary pressures.
Ross Stores (ROST -0.61%), known for its off-price retail model, released fourth-quarter earnings for the fiscal year ending Feb. 3, 2025, on March 4, 2025. EPS exceeded analyst expectations, reaching $1.79 compared to the forecasted $1.66, aided by a one-time sale.
Shares of Ross Stores Inc. fell after hours on Tuesday after the discount retailer forecast the possibility of weaker same-store sales this year, following slowing trends over recent weeks as harsh weather kept people indoors last month and worries about the economy persisted.
Ross Stores, Inc. ROST will release its fourth-quarter financial results, after the closing bell, on Tuesday, March 4.
ROST's Q4 results are likely to reflect benefits from store expansions and a strong micro-merchandising strategy, despite macroeconomic challenges.
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.