Ross Stores ROST reported better-than-expected third-quarter EPS results on Thursday.Ross Stores reported quarterly earnings of $1.48 per share which beat the analyst consensus estimate of $1.40 per share. The company reported quarterly sales of $5.07 billion which missed the analyst consensus estimate of $5.15 billion.Barbara Rentler, Chief Executive Officer, commented, “We are disappointed with our third quarter sales results as business slowed from the solid gains we reported in the first half of 2024. A ...

U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining by more than 250 points on Friday.The Dow traded up 0.59% to 44,128.84 while the NASDAQ rose 0.08% to 18,986.80. The S&P 500 also rose, gaining, 0.28% to 5,965.15.Check This Out: Top 3 Materials Stocks That Could Blast Off In NovemberLeading and Lagging SectorsConsumer staples shares rose by 1.5% on Friday.In trading on Friday, communication services shares fell by 0.6%.Top HeadlineRoss Stores ROST reported better-than ...

Ross Stores, Inc. (ROST) reported results for the third quarter of 2024, wherein the bottom line surpassed the Zacks Consensus Estimates, while the top line missed the same. Net sales and earnings increased from the year-ago period.The company faced challenges as its low-to-moderate-income customers grappled with persistently high living costs, limiting discretionary spending. Additionally, Hurricanes Helene and Milton, and unseasonably warm temperatures, negatively impacted comparable sales (comps). Despit ...

Key TakeawaysRoss Stores shares rose Friday morning as the company's third-quarter profits beat estimates despite sales falling short.CEO Barbara Rentler said the chain's customers "continue to face persistently high costs on necessities."Last month, the company announced that Boot Barn CEO James Conroy will take over as CEO once Rentler retires in February. Shares of Ross Stores (ROST) were up Friday morning as the discount retailer's earnings came in better than expected. The company reported $488.8 milli ...

Shares of Gap Inc (NYSE:GAP) and Ross Stores Inc (NASDAQ:ROST) are both making outsized moves, after the retail companies posted their quarterly results.Gap stock was last seen 8.2% higher at $23.84, after the retail name hiked its annual guidance for the third time in 2024. The company now expects fiscal 2024 sales to rise between 1.5% and 2%, well above analysts' 0.4% growth expectations. And while hurricanes and unseasonably warm weather dented sales, Gap beat third-quarter earnings per share and revenue ...

Ross Stores, Inc. (NASDAQ:ROST) Q3 2024 Earnings Conference Call November 21, 2024 4:15 PM ET Company Participants Barbara Rentler - Chief Executive Officer Adam Orvos - Executive Vice President and Chief Financial Officer Michael Hartshorn - President and Chief Operating Officer Conference Call Participants Matthew Boss - JPMorgan Chase & Co. Mark Altschwager - Robert W. Baird & Co. Paul Lejuez - Citigroup Inc. Lorraine Hutchinson - Bank of America Merrill Lynch Chuck Grom - Gordon Haskett Simeon Siegel - ...

For the quarter ended October 2024, Ross Stores (ROST) reported revenue of $5.07 billion, up 3% over the same period last year. EPS came in at $1.48, compared to $1.33 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $5.15 billion, representing a surprise of -1.56%. The company delivered an EPS surprise of +6.47%, with the consensus EPS estimate being $1.39.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.47%. A quarter ago, it was expected that this discount retailer would post earnings of $1.49 per share when it actually produced earnings of $1.59, delivering a surprise of 6.71%.Over the last four quarters, the comp ...

Exhibit 99.1 _______________________________________________________________ FOR IMMEDIATE RELEASE | --- | --- | |-------------------------------|---------------------------| | | | | Orvos | Connie Kao | | Executive Vice President, | Group Vice President, | | Chief Financial Officer | (925) 965-4668 | | (925) 965-4550 | connie.kao@ros.com | Contact: Adam ROSS STORES REPORTS THIRD QUARTER EARNINGS, UPDATES FOURTH QUARTER GUIDANCE Dublin, California, November 21, 2024 -- Ross Stores, Inc. (Nasdaq: ROST) today ...

Ross Stores, Inc. (ROST) is expected to register year-over-year top and bottom-line growth when it reports third-quarter fiscal 2024 earnings on Nov. 21, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.40 per share, suggesting a 5.3% rise from the $1.33 reported in the year-earlier period. The consensus mark has moved down by a penny in the past seven days.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The consensus estimate for quarterly revenues is p ...