Ross Stores, Inc. (NASDAQ:ROST) Q1 2024 Earnings Conference Call May 23, 2024 4:15 PM 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 Lorraine Hutchinson - Bank of America Michael Binetti - Evercore ISI Matthew Boss - JPMorgan Mark Altschwager - Baird Chuck Grom - Gordon Haskett Alex Straton - Morgan Stanley Tracy Kogan - Citi Adrienne Y ...

Ross Stores (ROST) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.96%. A quarter ago, it was expected that this discount retailer would post earnings of $1.63 per share when it actually produced earnings of $1.82, delivering a surprise of 11.66%.Over the last four quarters, the com ...

With consumers cutting back on discretionary spending while trading down to value-focused merchants, Ross Stores is seeing these belt-tightening behaviors prove to be a mixed bag. The company, which operates more than 2,000 off-price stores across the country under its Ross Dress for Less and DD’s Discounts banners, reported in its first quarter fiscal 2024 financial results that it saw sales rise 8% year over year. However, the retailer continues to face challenges, as its target demographics face ongoing ...

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 FIRST QUARTER EARNINGS PROVIDES SECOND QUARTER AND UPDATED FISCAL 2024 GUIDANCE Dublin, California, May 23, 2024 -- Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended May 4, 2024 of $ ...

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Ross Stores, Inc. (ROST) is scheduled to release its first-quarter fiscal 2024 results on May 23. 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 first-quarter revenues is pegged at $4.8 billion, indicating growth of 7.4% from the figure reported in the year-ago quarter. For fiscal first-quarter earnings, the consensus mark of $1.34 per share suggests growth of 22.9% from the yea ...

Ross Stores (ROST) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Ross Stores (ROST) , which belongs to the Zacks Retail - Discount Stores industry, could be a great candidate to consider.This discount retailer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.34%.For the most recent quarter, Ross Stores was ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Sc ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.W ...