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 ...

Financial Data and Key Metrics Changes - The company reported significant changes in financial performance, with specific metrics to be detailed in the full report [2]. Business Line Data and Key Metrics Changes - Each business line's performance will be elaborated upon in the subsequent sections of the report [2]. Market Data and Key Metrics Changes - Market performance indicators will be discussed in detail during the call [2]. Company Strategy and Development Direction - The management will outline the company's strategic initiatives and competitive positioning within the industry [2]. Management Comments on Operating Environment and Future Outlook - Management will provide insights regarding the current operating environment and future growth expectations [2]. Other Important Information - The call will include forward-looking statements that may involve risks and uncertainties affecting future performance [2]. Q&A Session Summary Question: What are the expectations for future growth? - Management will address inquiries regarding sales forecasts and new store openings during the Q&A session [2].

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 ...

Wall Street analysts expect Ross Stores (ROST) to post quarterly earnings of $1.40 per share in its upcoming report, which indicates a year-over-year increase of 5.3%. Revenues are expected to be $5.15 billion, up 4.7% from the year-ago quarter.The current level reflects a downward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Ahead of a compa ...

The market expects Ross Stores (ROST) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 21, 2024, might help the stock move higher if these key numbers ...

Ross Stores (ROST) ended the recent trading session at $143.40, demonstrating a +0.96% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.38%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 0.09%.Prior to today's trading, shares of the discount retailer had gained 0.72% over the past month. This has lagged the Retail-Wholesale sector's gain of 6.11% and the S&P 500's gain of 4.9% in that time.The ...