Ross Stores is a prominent off-price retailer that operates a chain of stores offering a diverse selection of brand name and designer merchandise at discounted prices
The company specializes in apparel, home goods, and accessories, providing customers with a treasure-hunt shopping experience. By purchasing excess inventory from manufacturers and other retailers, Ross Stores is able to pass significant savings onto consumers, appealing to budget-conscious shoppers. The company operates under two distinct brand names, Ross Dress for Less and dd's Discounts, ensuring a wide reach in the off-price retail sector across various markets.
Telsey Advisory analyst Dana Telsey maintained a Market Perform rating on Ross Stores and reduced the price target from $175 to $150. Despite reporting a slight drop in 4Q24 EPS, the company outperformed earnings expectations, driven by a one-time gain. However, the FY25 outlook and 1Q25 guidance fell short of consensus due to slowed sales growth and challenges with lower-income consumers.
The three major indices were mostly flat in midday trading Wednesday with the S&P 500 and Nasdaq slightly under the flatline and the Dow Jones up 39 points.
A head-fake in the final hour looked like it might resurrect an otherwise sour trading day, but headed back south even as it closed off the morning lows.
Off-price retail company Ross Stores (NASDAQROST) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 1.8% year on year to $5.91 billion. On the other hand, next quarter’s revenue guidance of $4.79 billion was less impressive, coming in 6.9% below analysts’ estimates. Its GAAP profit of $1.79 per share was 7.9% above analysts’ consensus estimates.
Ross Stores, Inc. (Nasdaq: ROST) today reported earnings per share for the 13 weeks ended February 1, 2025 of $1.79, compared with $1.82 per share for the 14 weeks ended February 3, 2024. Net income for the period was $587 million, versus $610 million last year. Sales for the 13 weeks ended February 1, 2025 were $5.9 billion, with comparable store sales up 3% on top of a robust 7% gain in the same period last year.
U.S. stocks plunged Tuesday as President Donald Trump‘s tariffs on key trade partners came into effect, prompting retaliatory measures and intensifying global trade tensions.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at discount retailer stocks, starting with Burlington (NYSEBURL).
Ross Stores, Inc. (Nasdaq: ROST) announced today that Adam Orvos (60), will retire as Executive Vice President and Chief Financial Officer, effective September 30, 2025. William Sheehan (56), currently Group Senior Vice President, Finance, has been promoted to Deputy Chief Financial Officer and is expected to succeed Mr. Orvos as Chief Financial Officer on October 1, 2025.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how discount retailer stocks fared in Q3, starting with Ross Stores (NASDAQROST).
Ross Stores, Inc. (Nasdaq: ROST) plans to release its fourth quarter and fiscal 2024 earnings results on Tuesday, March 4, 2025 at approximately 4:00 p.m. Eastern time.
The discount sector is experiencing a surprising performance split, highlighting the essential need for a solid strategy to succeed within the industry.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the discount retailer industry, including Five Below (NASDAQFIVE) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how TJX (NYSETJX) and the rest of the discount retailer stocks fared in Q3.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the discount retailer industry, including Ollie's (NASDAQOLLI) and its peers.
