Ross Stores lifts annual profit forecast on lower costs, shares rise [Yahoo! Finance]
Ross Stores, Inc. (ROST)
Last ross stores, inc. earnings: 3/3 04:01 pm
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Source: Yahoo! Finance
The company has also been trying to sell a wider product assortment at different price points to increasingly cautious lower-income consumers. Still, it tempered its fourth-quarter profit forecast and its third-quarter net sales missed market expectations as consumers delayed big spending on apparel and other non-essential items. "Although our low-to-moderate income customers continue to face persistently high costs on necessities pressuring their discretionary spending, we believe we should have better executed some of our merchandising initiatives," CEO Barbara Rentler said. Demand for discounted apparel had led Ross' rival and Marshalls parent, TJX Cos, to raise its annual profit forecast earlier this week. Retail giant Walmart also raised its annual profit and sales targets this month, betting on consumers to head to its superstores for steep discounts during the holidays. However, Target's holiday-quarter forecast for profit and sales was below market expectations, as
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ROST
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ROST
Earnings
- 11/21/24 - Beat
ROST
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form SC
- 10/28/24 - Form 8-K
- ROST's page on the SEC website