Core Viewpoint - Ross Stores is well-positioned to continue its earnings-beat streak in the upcoming report, having surpassed earnings estimates consistently in recent quarters [1] Group 1: Earnings Performance - Ross Stores has recorded an average earnings surprise of 10.92% over the last two quarters, with earnings of $1.33 per share reported against an estimate of $1.22 per share, resulting in a surprise of 9.02% for the last quarter [1] - In the previous quarter, the company reported earnings of $1.32 per share, exceeding the expected $1.17 per share, which delivered a surprise of 12.82% [1] Group 2: Earnings Estimates - There has been a favorable change in earnings estimates for Ross Stores, with a positive Zacks Earnings ESP (Expected Surprise Prediction), indicating a strong likelihood of an earnings beat [2] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time [2] Group 3: Earnings ESP Analysis - Ross Stores currently has an Earnings ESP of +0.62%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [3] - The positive Earnings ESP, combined with a Zacks Rank of 3, indicates a potential for another earnings beat [3] Group 4: Importance of Earnings ESP - It is crucial to check a company's Earnings ESP ahead of its quarterly release to enhance the chances of success in predicting earnings performance [4]

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 ...

DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (NASDAQ: ROST) announced today that Karen Fleming has been promoted to President and Chief Merchandising Officer, dd’s DISCOUNTS effective April 1, 2024. Ms. Fleming will report directly to Barbara Rentler, the Company’s Chief Executive Officer and be responsible for directing all aspects of merchandising at dd’s DISCOUNTS. Brian Morrow, current President and Chief Merchandising Officer of dd’s will transition to a consultant role upon Ms. Fleming’s promoti ...

Core Insights - Ross Stores, Inc. (ROST) is experiencing positive momentum due to effective strategic initiatives and strong fundamentals, with a notable 24.7% increase in share price over the past six months, outperforming the industry growth of 12.9% [1] - The Zacks Consensus Estimate for fiscal 2023 anticipates sales of $20.1 billion and earnings per share (EPS) of $5.36, reflecting year-over-year increases of 7.5% and 22.4% respectively, while fiscal 2024 estimates are $21 billion in sales and $5.83 EPS, indicating growth of 4.3% and 8.8% [1] Financial Performance - The company has benefited from improved merchandise margins and reduced distribution, domestic freight, and occupancy expenses, leading to a 260-basis points decline in the cost of goods sold as a percentage of revenues, which enhanced operating margins in Q3 fiscal 2023 [2] - Merchandise margins increased by 235 basis points year over year, attributed to lower ocean freight costs, while distribution expenses decreased by 45 basis points, domestic freight by 40 basis points, and occupancy costs leveraged by 25 basis points [2] - Comparable store sales improved by 5% due to increased customer traffic during the quarter [2] Future Outlook - Ross Stores anticipates an improved operating margin for Q4 fiscal 2023, projected between 11.3% and 11.5%, compared to 10.7% in the same quarter last year, driven by lower domestic freight and distribution costs [3] - The company has successfully executed its store expansion plans, opening 97 stores in the first nine months of fiscal 2023, and expects to end the fiscal year with 1,764 Ross stores and 345 dd's DISCOUNTS stores, marking a net addition of 94 stores [4] - Long-term expansion targets have been raised, aiming for 2,900 Ross stores and 700 dd's DISCOUNTS stores, representing a 20% increase in potential store growth targets, totaling 3,600 stores [4] Business Model and Market Position - Ross Stores operates a chain of off-price retail apparel and home accessories stores targeting value-conscious consumers aged 25 to 54 in middle-to-upper middle-class households, maintaining a strong value proposition through competitive pricing [5] - The off-price model allows for effective micro-merchandising, enhancing product allocation and margins, demonstrating the company's ability to meet consumer demand for value [5] Investment Considerations - The company is positioned for growth in 2024, supported by a Value Score of B and a Zacks Rank of 3 (Hold) [6]

Investors interested in stocks from the Retail - Discount Stores sector have probably already heard of Target (TGT) and Ross Stores (ROST) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate r ...

JHVEPhoto/iStock Editorial via Getty Images Company Overview Ross Stores, Inc. (NASDAQ:ROST) owns a chain of department stores that sell discounted products including apparel, accessories, home goods, and more through its banners "Ross Dress for Less" (1765 locations) and "dd's DISCOUNTS" (347 locations). Ross Dress for Less is the main brand with significantly more locations and more variety in its products whereas dd's DISCOUNTS is strategically positioned to be the company's more value-oriented option fo ...

Ross Stores, Inc. (ROST) has been gaining from positive consumer responses to its merchandise despite the competitive environment and digital growth. The company has been witnessing positive trends at its dd’s DISCOUNTS chain driven by better merchandise and moderating inflation.The off-price model offers a strong value proposition and micro merchandising that drive better product allocation and margins. Also, it stands to gain from lower supply-chain costs from the prior year as ocean and domestic freight ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number:0-14678 Ross Stores, Inc. (Exact name of registrant as specified in its charter) Delaware 94-1390387 (State or ...

Call Start: 16:15 January 1, 0000 4:55 PM ET Ross Stores, Inc. (NASDAQ:ROST) Q3 2023 Earnings Conference Call November 16, 2023 16:15 ET Company Participants Barbara Rentler - Chief Executive Officer Adam Orvos - Executive Vice President & Chief Financial Officer Michael Hartshorn - Group President & Chief Operating Officer Conference Call Participants Matthew Boss - J.P. Morgan Mark Altschwager - Baird Paul Lejuez - Citigroup Lorraine Hutchinson - Bank of America John Kernan - TD Cowen Chuck Grom - Gordon ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 29, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number:0-14678 Ross Stores, Inc. (Exact name of registrant as specified in its charter) Delaware 94-1390387 (State or oth ...