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 ...

Core Insights - Ross Stores reported third-quarter profits of $488.8 million on sales of $5.07 billion, exceeding analyst expectations for profits of $459.8 million but falling short on sales which were expected to be $5.14 billion [2][3] - CEO Barbara Rentler noted that customers are facing persistently high costs on necessities, impacting discretionary spending and leading to a 1% growth in comparable store sales, below the expected 2.2% [3] - The company anticipates 2% to 3% comparable sales growth in the fourth quarter and has raised its full-year earnings per share (EPS) guidance to between $6.10 and $6.17 [4] Management Changes - James Conroy, currently CEO of Boot Barn, will succeed Barbara Rentler as CEO of Ross Stores upon her retirement on February 2, 2025, with Rentler remaining in an advisory role until March 2027 [5] Stock Performance - Following the earnings report, Ross Stores shares increased by as much as 4.7%, reaching $149.63 [6]

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 ...