Ross Stores, Consensus Estimate
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Ross Stores (ROST) hits a 3-month high despite mixed Q2 results. Analysts back its off-price model, cost strategies & bullish outlook.
Ross Stores sees steady demand from bargain-focused shoppers but continues to face margin pressure from tariffs and macro headwinds.
Discount-retailer Ross Stores Inc. jumped after projecting inflation will push more consumers to seek its off-price wares and deliver sales growth above expectations.
Total second quarter sales at Ross Stores Inc. rose 5% to $5.5 billion, marking a sequential improvement from the 2.6% gain in the first quarter.
The tax preparation software company on Thursday said it expects sales growth between 14% and 15% in the current fiscal first quarter, [below growth rates](
Ross Stores, Inc. reported earnings in the second quarter slightly below year-ago levels due to tariff-related costs but exceeded company guidance due to an acceleration in July sales, driven by healthy back-to-school demand. The off-price retailer reinstated guidance for the year that was below its initial forecast.
Earnings per share (EPS) of $1.56 (GAAP) topped the high end of guidance, though this was a 1.9% decrease from last year’s $1.59 (GAAP, Q2 FY2024). Ross Stores (NASDAQ:ROST), the off-price retail chain known for offering brand-name merchandise at a discount,
The Details: Ross Stores reported quarterly earnings of $1.56 per share, which beat the analyst estimate of $1.53. The company reported an approximate 11 cent per share negative impact from tariff-related costs.
Ross Stores logged higher sales in its latest quarter, driven by a sharp rebound in July with shoppers taking advantage of the early back-to-school selling season.The discount department store chain on Thursday posted a profit of $508 million,