Ross Stores

Ross Stores’ (ROST) annual guidance boost could set it apart this earnings season with Q4 numbers likely to avoid a post-print decline, Morgan Stanley said in a note e-mailed Friday. The revised FY guidance indicates a Street EPS increase of approximately low-single-digit percentage points, while 4Q remains largely unchanged. Morgan Stanley considers it a pivotal factor contributing to the positive 6% after-market close reaction. Additionally, the positive outlook is based on conservative 4Q/FY guidance and “the fact that the margin recapture opportunity is perhaps more credible with revenue acceleration continuing on an underlying basis,” Morgan Stanley said. Morgan Stanley expects significant upside to the revised Q4 guidance for the company. Ross Stores’ revised Q4 EPS guidance is now in range of $1.56 to $1.62. “We now model $1.69 EPS, & see potential upside even beyond that level,” Morgan Stanley said. Morgan Stanley maintained its overweight rating on the company’s stock, […]

Ross Stores (NASDAQ:ROST) reported fiscal Q2 earnings  of $1.32 per diluted share, up from $1.11 a year earlier. Analysts polled by Capital IQ expected $1.16. Sales for the quarter ended July 29 were $4.93 billion, up from $4.58 billion a year earlier. Analysts surveyed by Capital IQ expected $4.75 billion. The off-price retailer’s fiscal Q2 comparable sales were up 5%. Analysts polled by Capital IQ called for an increase of 0.9%. Ross Stores said it expects fiscal Q3 EPS of $1.16 to $1.21 and comparable sales to be up 2% to 3%. Analysts polled by Capital IQ are looking for EPS of $1.16 and comparable sales growth of 0.8%. The company also said it now expects fiscal full-year EPS of $5.15 to $5.26. That compares with $4.77 to $4.99 previously. Comparable sales for the fiscal year are now projected to be up 2% to 3%, the company said. The company

Ross Stores (NASDAQ:ROST) : Raising 2H Sales and Earnings Outlook, Now Planning Comparable-Store Sales for Third and Fourth Quarters of 2023 to Be Up 2% to 3% and Up 1% to 2%, Respectively.

Ross Stores (ROST) reported fiscal Q2 earnings  of $1.32 per diluted share, up from $1.11 a year earlier. Analysts polled by Capital IQ expected $1.16. Sales for the quarter ended July 29 were $4.93 billion, up from $4.58 billion a year earlier. Analysts surveyed by Capital IQ expected $4.75 billion. The off-price retailer’s fiscal Q2 comparable sales were up 5%. Analysts polled by Capital IQ called for an increase of 0.9%. Ross Stores said it expects fiscal Q3 EPS of $1.16 to $1.21 and comparable sales to be up 2% to 3%. Analysts polled by Capital IQ are looking for EPS of $1.16 and comparable sales growth of 0.8%. The company also said it now expects fiscal full-year EPS of $5.15 to $5.26. That compares with $4.77 to $4.99 previously. Comparable sales for the fiscal year are now projected to be up 2% to 3%, the company said. The company