- Earnings per share (EPS) for Ross Stores in the fourth quarter exceeded estimates, with $1.79 recorded versus an estimated $1.68, although slightly less than last year’s $1.82.
- Sales reached $5.91 billion, falling short of the $5.96 billion estimates and reflecting a 1.8% decrease compared to the previous year.
- Merchandise inventories increased by 12% year-over-year, reaching $2.44 billion, surpassing the estimated $2.3 billion.
- Projected earnings per share for fiscal 2025 are expected to range from $5.95 to $6.55, compared to $6.32 for the previous fiscal year, ending February 1, 2025.
- Optimized inventory and quality branded bargains boosted sales during the critical holiday season.
- The expected benefit from a facility sale was counteracted by planned margin declines and the timing of packaway-related costs.
- Unseasonable weather and global economic conditions have reportedly impacted customer traffic negatively.
- The sale of a facility contributed approximately 105 basis points to the fourth quarter’s operating margin, while a 53-week year previously added about 80 basis points to that period’s figures.
- Analyst recommendations include 12 buys, 9 holds, and 1 sell.
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Ross Stores Inc on Smartkarma
Independent analysts on Smartkarma have provided insightful coverage of Ross Stores Inc, a popular off-price retail company. Baptista Research, known for their bullish stance, has highlighted key factors affecting Ross Stores’ performance. In a report titled “Ross Stores Inc.: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! – Major Drivers,” they discussed the company’s third-quarter 2024 earnings. Ross Stores saw growth in total sales to $5.1 billion from $4.9 billion the previous year, with a 1% rise in comparable store sales. Earnings per share (EPS) also increased to $1.48 from $1.33, indicating positive financial progress.
In another report by Baptista Research, titled “Ross Stores Inc.: What Is Its Approach Towards Brand Diversification and Merchandise Strategy? – Major Drivers,” analysts commended Ross Stores’ strong second-quarter performance in fiscal year 2024. The company, known for its Ross Dress for Less and dd’s DISCOUNTS stores, boasted a 7% increase in sales to approximately $5.3 billion compared to the previous year’s $4.9 billion. Additionally, they reported a 4% rise in comparable store sales. This positive financial outlook emphasizes Ross Stores’ effective merchandising strategies and brand diversification efforts, garnering favorable investor sentiment.
A look at Ross Stores Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts reviewing the Smartkarma Smart Scores see a promising long-term outlook for Ross Stores Inc. With a solid Growth score of 4 and a strong Momentum score of 4, the company seems well-positioned for future expansion and market performance. Additionally, its Resilience score of 3 suggests a certain level of stability even in challenging economic conditions. While the Value and Dividend scores are moderate at 2 each, the higher ratings in Growth and Momentum indicate positive prospects for Ross Stores Inc. Overall, the company could potentially see steady growth and performance in the coming years.
Ross Stores, Inc. is known for operating off-price retail apparel and home accessories stores under two brands. Offering a range of name brand and designer products at discounted prices, Ross Stores Inc. caters to budget-conscious shoppers looking for quality items without the high price tags. With a focus on providing value to its customers through a diverse selection of apparel, accessories, footwear, and home fashions, Ross Stores Inc. has established itself as a key player in the off-price retail sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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