From Financial Modeling Prep: 2024-11-22 00:02:31

In the retail sector, Ross Stores, Inc. (NASDAQ:ROST) is a key player known for its off-price retail apparel and home fashion offerings. Competing with discount retailers like TJX Companies and Walmart, Ross Stores focuses on providing value to budget-conscious consumers through its Ross Dress for Less and dd’s DISCOUNTS brands.

Ross Stores reported a third-quarter earnings per share (EPS) of $1.48, surpassing the estimated $1.41 and demonstrating its ability to consistently outperform consensus EPS estimates. Despite slightly lower revenue of $5.07 billion compared to the estimated $5.15 billion, the company’s sales performance showed growth from the previous year.

The company adjusted its annual profit forecast upwards due to reduced freight and supply-chain costs, leading to a 7% increase in its shares. However, challenges faced by low-to-moderate income customers in the fourth quarter have affected profit expectations. Ross Stores remains financially stable with a price-to-earnings (P/E) ratio of around 22.28 and a debt-to-equity ratio of approximately 1.04.



Read more at Financial Modeling Prep:: Ross Stores, Inc. (NASDAQ:ROST) Surpasses Earnings…