Ross Stores, Inc. (ROST) reported strong results for the second quarter of 2024, with both its top and bottom lines showing year-over-year growth and surpassing the Zacks Consensus Estimate. The strong results can be attributed to its focus on offering stronger value propositions to customers. Despite better-than-expected results, Ross Stores has provided cautious guidance for the second half of 2024.Let’s Delve Deeper into ROST’s Q2 PerformanceRoss Stores, the leading off-price apparel retailer, delivered ...

Key TakeawaysRoss Stores raised its fiscal 2024 profit outlook and beat analysts' second-quarter top- and bottom-line expectations.Q2 sales rose 7% year-over-year and EPS jumped 20%.CEO Barbara Rentler said the company is being cautious with its guidance given the economic challenges faced by its customer base. Ross Stores (ROST) shares rose Friday, a day after the discount clothing retailer raised its full-year profit outlook but acknowledged a challenging consumer spending environment. The company now exp ...

Ross Stores TodayROSTRoss Stores$152.52 -1.43 (-0.93%) 52-Week Range$108.35▼$157.85Dividend Yield0.96%P/E Ratio25.72Price Target$161.13Add to WatchlistUnsurprisingly, off-price retailers like Ross Stores NASDAQ: ROST and TJX Companies NYSE: TJX outperform. The off-price retail segment is well-positioned after years of economic turmoil, including supply chain logjams, high inflation, high interest rates, and the ensuing inventory bloat seen among apparel manufacturers and major retailers. Today, consumers ar ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying ROST stock? Here’s what analysts think: ...

Ross Stores (NASDAQ:ROST) just reported results for the second quarter of 2024.Ross Stores reported earnings per share of $1.59. This was above the analyst estimate for EPS of $1.50.The company reported revenue of $5.29 billion.This was 0.72% better than the analyst estimate for revenue of $5.25 billion.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and reve ...

Ross Stores, Inc. (NASDAQ:ROST) Q2 2024 Earnings Conference Call August 22, 2024 4:15 AM 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 - JPMorgan Chuck Grom - Gordon Haskett Mark Altschwager - Baird Paul Lejuez - Citi Michael Binetti - Evercore ISI Alex Straton - Morgan Stanley Lorraine Hutchinson - Bank of America Dana Te ...

Ross Stores (ROST) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.71%. A quarter ago, it was expected that this discount retailer would post earnings of $1.34 per share when it actually produced earnings of $1.46, delivering a surprise of 8.96%.Over the last four quarters, the comp ...

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 SECOND QUARTER EARNINGS PROVIDES SECOND HALF AND UPDATED FISCAL 2024 GUIDANCE Dublin, ...

Ross Stores, Inc. ROST is expected to release earnings results for its second quarter, after the closing bell on Thursday, Aug. 22.Analysts expect the Dublin, California-based company to report quarterly earnings at $1.5 per share, up from $1.32 per share in the year-ago period. Ross Stores is projected to post revenue of $5.25 billion, according to data from Benzinga Pro.On Aug. 21, Ross Stores said its Board of Directors declared a regular quarterly cash dividend of 36.75 cents per common share.With the r ...

In its upcoming report, Ross Stores (ROST) is predicted by Wall Street analysts to post quarterly earnings of $1.49 per share, reflecting an increase of 12.9% compared to the same period last year. Revenues are forecasted to be $5.25 billion, representing a year-over-year increase of 6.3%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during ...