Ross Stores Inc 's (ROST) Outlook

Company Name, Ticker, Industry, else..

Ross Stores Inc (NASDAQ: ROST)

Sector • Retail Industry • Retail Apparel

Industry • Retail Apparel

Sector • Retail

Ross Stores Inc Outlook

On November 16 2023 the Ross Stores Inc provided following guidance

Ross Stores Inc. (NASDAQ: ROST) has announced its third-quarter earnings for the period ending October 28, 2023. The company reported earnings per share of $1.33, an increase from $1.00 per share compared to the same period last year (ending October 29, 2022). Net income also saw a rise, reaching $447 million compared to $342 million in the previous year.

Moreover, sales for the third quarter of 2023 reached $4.9 billion, showing a growth from $4.6 billion in the prior year. This growth in sales was accompanied by a 5% gain in comparable store sales.

For the nine months ending on October 28, 2023, the earnings per share were reported at $3.7 million.

These figures highlight Ross Stores' continued success and growth in the retail industry.

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