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Stock impact report

Ross Stores Faces Slower Growth With Shifts In Lower-Income Customers Preference, Says Analyst [Yahoo! Finance]

Ross Stores, Inc. (ROST) 
Last ross stores, inc. earnings: 3/3 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.rossstores.com
Company Research Source: Yahoo! Finance
Telsey Advisory analyst Dana Telsey reiterated a Market Perform rating on the shares of Ross Stores Inc (NASDAQ: ROST ) and lowered the price forecast from $175.00 to $150.00. ROST reported fourth-quarter EPS of $1.79 , slightly lower than last year's $1.82 but above both the consensus estimate and guidance of $1.57 – $1.64. The earnings beat was largely driven by a $0.14 one-time gain from the sale of a packaway facility. Sales decreased by 1.8% to $5.912 billion, slightly missing consensus. Comps grew 3%, outperforming the 2.6% consensus. Gross margin contracted to 26.5%, below estimates, but better cost control led to an operating margin of 12.4%, beating expectations, said the analyst. The analyst noted that ROST's initial FY25 outlook falls short of expectations. Total sales are projected to grow 1% – 5%. Also Read: Apple's Latest MacBook Air With M4 Chip Is Twice As Fast As Its Predecessor With Lower Price FY25 EPS is estimated to be between $5.95 – $6.55, lower tha Show less Read more
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