Ross Stores Inc. late Tuesday blew past expectations for its holiday quarter but spooked investors by saying that higher costs of living continue to pressure its customers.While inflation has moderated, there is ongoing macroeconomic and geopolitical uncertainty, and “housing, food, and gasoline costs remain elevated and continue to pressure our low- to moderate-income customers’ discretionary spend,” the off-price retailer said.“As a result, while we hope to do better, we believe it is prudent to continue ...

DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 14 weeks ended February 3, 2024 of $1.82, up from $1.31 per share for the 13 weeks ended January 28, 2023. Net income for the period rose to $610 million versus $447 million last year. Sales for the 14 weeks ended February 3, 2024 grew to $6.0 billion, with comparable store sales for the 13 weeks ended January 27, 2024 up a robust 7% over the same period last year. Fiscal 2023 earnings per share for ...

Exhibit 99.1 __________________________________________________________________ FOR IMMEDIATE RELEASE Contact: Adam Orvos Connie Kao Executive Vice President, Group Vice President, Investor Relations Chief Financial Officer (925) 965-4668 (925) 965-4550 connie.kao@ros.com ROSS STORES REPORTS RESULTS FOR FOURTH QUARTER AND FISCAL 2023 ANNOUNCES NEW TWO-YEAR STOCK REPURCHASE AUTHORIZATION AND RAISES QUARTERLY CASH DIVIDEND PROVIDES FIRST QUARTER AND FISCAL 2024 GUIDANCE Dublin, California, March 5, 2024 -- Ro ...

Investors are always looking for stocks that are poised to beat at earnings season and Ross Stores, Inc. (ROST) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Ross Stores is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ...

Ross Stores, Inc. (ROST) is scheduled to release its fourth-quarter fiscal 2023 results on Mar 5. The off-price apparel and home accessories retailer is likely to have witnessed revenue and earnings growth in the to-be-reported quarter.The Zacks Consensus Estimate for fiscal fourth-quarter revenues is pegged at $5.8 billion, indicating growth of 10.3% from the figure reported in the year-ago quarter. For fiscal fourth-quarter earnings, the consensus mark of $1.62 per share suggests growth of 23.7% from the ...

Key PointsShares of Ross Stores have been among the best-performing in the entire retail industry.With earnings due next week, the stock is continuing to rally to fresh highs. All the signs point to this rally continuing, but it’s not without its risks.5 stocks we like better than NordstromWhile our readers will be well used to hearing how the hottest tech stocks are back trading at all-time highs, there are few stocks from the more traditional industries doing the same thing. Take retail, for example; Ralp ...

DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (NASDAQ: ROST) plans to release its fourth quarter and fiscal 2023 earnings results on Tuesday, March 5, 2024 at approximately 4:00 p.m. Eastern Time. Participants may listen to a real-time audio webcast of the conference call on Tuesday, March 5, 2024 at 4:15 p.m. Eastern Time by visiting the Investors section of the Company’s website located at www.rossstores.com. A recorded version of the call will also be available at the website address, as well as v ...

Investors looking for stocks in the Retail - Discount Stores sector might want to consider either Target (TGT) or Ross Stores (ROST) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate rev ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Ross Stores (ROST) , which belongs to the Zacks Retail - Discount Stores industry.When looking at the last two reports, this discount retailer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 10.92%, on average, in the last two quarters.For the last reported quarter, Ross Stores came out with earnings of $1.33 ...

Investors interested in Retail - Discount Stores stocks are likely familiar with Target (TGT) and Ross Stores (ROST) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with sp ...