ROST Earnings Prediction
The chart below shows how ROST performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ROST sees a -2.37% change in stock price 10 days leading up to the earnings, and a +4.36% change 10 days following the report. On the earnings day itself, the stock moves by -0.18%. This data can give you a slight idea of what to expect for the next quarter's release.
ROST Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.92B
7.87%
-0.20%
Gross Margin
27.63%
10.52%
-0.14%
Operating Margin
11.17%
13.86%
-1.15%
Net Margin
9.08%
21.23%
0.44%
EPS
1.33
33.00%
0.76%
No Data Available
ROST Earnings Analysis
Ross Stores Inc Corporation (ROST.O) Earnings Conference Call
Positive
Operating Margin Improvement: Operating margin for the quarter was up 75 basis points to 11.9% versus 11.2% last year, as lower incentive freight and distribution costs more than offset the planned decline in merchandise margin.
Sales Growth Overview: Total sales for the period grew to $5.1 billion, up from $4.9 billion in the prior year, with comparable store sales up one percent.
Earnings Per Share Increase: Earnings per share for the thirteen weeks ended November 2, 2024, were $1.48 compared to earnings per share of $1.33 last year.
Net Income Increase: Net income for the period rose to $489 million versus $447 million in the prior year period.
Sales Growth Overview: For the year-to-date period, sales grew to $15.2 billion with comparable store sales up three percent over last year.
Negative
Sales Performance Decline: We are disappointed with our third-quarter sales results as business slowed from the solid gains we reported in the first half of 2024.
Merchandising Initiative Improvement: Although our low to moderate-income customers continue to face persistently high costs on necessities, we believe we should have better executed some of our merchandising initiatives.
Weather Impact on Comps: We estimate a combination of severe weather during the quarter from Hurricane Lane and Hilton, along with unseasonably warm temperatures, also negatively impacted comps by about one percent.
Sales Growth Overview: Total sales for the period grew to $5.1 billion, up from $4.9 billion in the prior year, with comparable store sales up one percent.
Operating Margin Improvement: Operating margin for the quarter was up 75 basis points to 11.9% versus 11.2% last year, as lower incentive freight and distribution costs more than offset the planned decline in merchandise margin.
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ROST Earning Call Sentiment
Ross Stores, Inc. (ROST) Q3 2024 Earnings Call Transcript
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ROST.O
-2.21%Positive
The earnings call presents a mixed picture. While the company shows positive growth in revenue and EPS, the decline in gross margins and lack of specific revenue targets create uncertainty. The strategic focus on e-commerce and new store openings is promising, but inflationary pressures and supply chain challenges pose risks. The share repurchase program is a positive, but the cautious guidance tempers enthusiasm. Overall, the sentiment is neutral, as the positives and negatives balance each other out.