The shares of Ross Stores Inc (NASDAQ:ROST) are up 8.4% at $142.88 at last glance, after the retailer announced upbeat first-quarter results and raised its profit outlook. No fewer than nine analysts lifted their price targets after the event, with the highest from TD Cowen to $176 from $173. Today's surge has ROST breaking into positive territory for 2024, and on track for its largest single-day percentage gain since November 2022. The stock is also looking to close above its 80-day moving average for the ...

For the quarter ended April 2024, Ross Stores (ROST) reported revenue of $4.86 billion, up 8.1% over the same period last year. EPS came in at $1.46, compared to $1.09 in the year-ago quarter. The reported revenue represents a surprise of +0.64% over the Zacks Consensus Estimate of $4.83 billion. With the consensus EPS estimate being $1.34, the EPS surprise was +8.96%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

财务数据和关键指标变化 - 第一季度营业利润率为12.2%,同比提升205个基点,主要得益于分销、激励和运输成本的下降,部分被商品毛利率下降所抵消 [12][13] - 销售成本改善140个基点,其中运输成本下降30个基点,商品毛利率下降15个基点 [13] - 销售、一般及管理费用(SG&A)费用率下降65个基点,主要由于销售额增加和激励费用下降 [13] 各条业务线数据和关键指标变化 - dd's DISCOUNTS业务表现优于Ross,顾客对其改善的价值产品反应积极 [7] - 公司正在更新dd's DISCOUNTS在新市场的商品组合,以更好地满足不同顾客的品味和偏好 [7] 各个市场数据和关键指标变化 - 加利福尼亚州和太平洋西北地区表现最佳,而得克萨斯州高于公司平均水平,佛罗里达州略低于公司平均水平 [93] 公司战略和发展方向及行业竞争 - 公司正在执行提供更多优质品牌商品的策略,以满足低收入顾客对优质商品的需求 [50][58][59][63] - 公司将继续管理库存和费用,以最大化全年的销售和利润增长 [20] - 公司计划今年开设约90家新店,包括75家Ross和15家dd's DISCOUNTS [9] 管理层对经营环境和未来前景的评论 - 宏观经济和地缘政治环境的持续不确定性,包括通胀持续,继续压缩了公司的低收入顾客的购买力 [15] - 公司将继续专注于在商店里提供广泛的优质品牌商品,以满足顾客的需求 [20] 其他重要信息 - 第一季度末,总库存同比增长10%,平均店铺库存同比增长4% [8] - 公司在第一季度回购了190万股普通股,总成本为2.62亿美元 [14] - 公司预计2024财年全年每股收益将在5.79美元至5.98美元之间,包括第一季度开支时间影响带来的约0.02美元的有利影响 [17] 问答环节重要的提问和回答 问题1 **Lorraine Hutchinson 提问** 公司提供更多优质品牌商品的策略在第一季度的初步效果如何?是否带来了市场份额的提升?这一策略对毛利率的影响是什么? [23] **Barbara Rentler 和 Adam Orvos 回答** - 公司认为在第一季度在这一策略上取得了进展,但仍处于初期阶段 [24][25][28] - 目前还无法确定是否带来了市场份额的提升 [25] - 提供更多优质品牌商品将带来毛利率的下降,因为这些商品的毛利率通常较低 [28][30] 问题2 **Michael Binetti 提问** 3%的同店销售增长和200个基点的营业利润率提升是否代表了新的正常业绩水平?第一季度的成本优势是否会持续? [32] **Adam Orvos 和 Michael Hartshorn 回答** - 第一季度的成本优势主要来自于分销中心的生产效率提升、运输成本下降以及激励费用下降,但这些优势在未来几个季度将有所回落 [34][35][36][37][40][42] - 长期来看,在3%-4%的同店销售增长下,公司仍有望实现适度的营业利润率提升 [37] 问题3 **Matthew Boss 提问** 公司对当前消费者健康状况的评估以及对未来的信心如何?销售增长的组成部分(客流量和客单价)是如何变化的? [46] **Michael Hartshorn 和 Adam Orvos 回答** - 公司认为低收入消费者的购买力仍受到通胀等因素的挤压,但公司有信心通过提供更多优质品牌商品的方式来满足他们的需求 [47][48][49][50] - 第一季度客单价略有上升,主要由于商品平均售价上升,部分被客单量下降所抵消 [49]

Ross Stores (ROST) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.09 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 8.96%. A quarter ago, it was expected that this discount retailer would post earnings of $1.63 per share when it actually produced earnings of $1.82, delivering a surprise of 11.66%. Over the last four quarters, the ...

With consumers cutting back on discretionary spending while trading down to value-focused merchants, Ross Stores is seeing these belt-tightening behaviors prove to be a mixed bag. The company, which operates more than 2,000 off-price stores across the country under its Ross Dress for Less and DD’s Discounts banners, reported in its first quarter fiscal 2024 financial results that it saw sales rise 8% year over year. However, the retailer continues to face challenges, as its target demographics face ongoing ...

Exhibit 99.1 _______________________________________________________________ FOR IMMEDIATE RELEASE Contact: Adam Orvos Connie Kao Executive Vice President, Group Vice President, Investor Relations Chief Financial Officer (925) 965-4668 (925) 965-4550 connie.kao@ros.com ROSS STORES REPORTS FIRST QUARTER EARNINGS PROVIDES SECOND QUARTER AND UPDATED FISCAL 2024 GUIDANCE Dublin, California, May 23, 2024 -- Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended May 4, 2024 of $ ...

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Ross Stores, Inc. (ROST) is scheduled to release its first-quarter fiscal 2024 results on May 23. The off-price apparel and home accessories retailer is likely to have witnessed revenue and earnings growth in the to-be- reported quarter. The Zacks Consensus Estimate for fiscal first-quarter revenues is pegged at $4.8 billion, indicating growth of 7.4% from the figure reported in the year-ago quarter. For fiscal first-quarter earnings, the consensus mark of $1.34 per share suggests growth of 22.9% from the y ...

Ross Stores (ROST) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stoc ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Ross Stores (ROST) , which belongs to the Zacks Retail - Discount Stores industry, could be a great candidate to consider. This discount retailer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.34%. For the most recent quarter, Ross Stores w ...