Ross Stores Inc

ROST

Equity

ISIN US7782961038 / Valor 967389

NASDAQ (2024-12-24)

USD 150.47+1.21%

Ross Stores Inc
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About company

Ross Stores Inc is a chain of off-price retail stores that offers a wide selection of discounted clothing, accessories, home goods, and other merchandise from various brands.

Summarized from source with an LLMView SourceSector: Consumer Services

Earnings Per Share Growth

In the third quarter of 2024, Ross Stores Inc. reported earnings per share of $1.48, an increase from $1.33 per share in the same period of 2023. This growth reflects the company's ability to enhance profitability despite challenging market conditions.

Net Income Increase

Ross Stores Inc. achieved a net income of $489 million for the third quarter of 2024, up from $447 million in the previous year. This increase in net income highlights the company's effective cost management and operational efficiency.

Sales Performance

For the third quarter of 2024, Ross Stores Inc. reported sales of $5.1 billion, compared to $4.9 billion in the same quarter of 2023. The company experienced a 1% gain in comparable store sales, indicating steady consumer demand.

Share Repurchase Program

During the third quarter of 2024, Ross Stores Inc. repurchased 1.8 million shares of common stock for a total of $262 million. The company remains on track to repurchase $1.05 billion in common stock during fiscal 2024 as part of its two-year $2.1 billion repurchase program.

Fourth Quarter Outlook

Looking ahead, Ross Stores Inc. projects a 2% to 3% increase in comparable store sales for the fourth quarter of 2024. Earnings per share are expected to range from $1.57 to $1.64, reflecting the company's cautious optimism amid ongoing economic challenges.

Summarized from source with an LLMView Source

Key figures

10.3%1Y

36.6%3Y

30.7%5Y

Performance

21.1%1Y

32.2%3Y

38.0%5Y

Volatility