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Ross Stores (ROST)
NASDAQ:ROST
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.43Last Year’s EPS
1.46Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -5.78%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a solid performance in fiscal 2024 with strong sales growth and strategic expansion plans. However, there is caution going forward due to softening sales trends and external macroeconomic pressures. While the company is well-positioned with a strong cash position and continued store expansion, the outlook for fiscal 2025 remains cautious.Company Guidance
During the Ross Stores Fourth Quarter and Fiscal 2024 Earnings Release Conference Call, management provided guidance for fiscal 2025, projecting earnings per share to range from $5.95 to $6.55, compared to $6.32 in fiscal 2024. They anticipate comparable store sales for the year to fluctuate between a 1% decrease and a 2% increase. Total sales for fiscal 2025 are expected to rise by 1% to 5%. The company plans to open approximately 90 new locations, comprising about 80 Ross and 10 dd’s DISCOUNTS stores. Operating margin for the full year is projected to be between 11.5% and 12.2%, slightly down from 12.2% in 2024. Capital expenditures for 2025 are estimated to be around $855 million. Additionally, Ross Stores plans to complete the remaining $1.05 billion under its two-year $2.1 billion share repurchase program and has increased its quarterly cash dividend by 10% to $0.405 per share.Strong Fourth Quarter Sales Performance
Sales for the fourth quarter of 2024 were $5.9 billion with a comparable store sales gain of 3% on top of a 7% gain in the same period last year.
Fiscal Year 2024 Revenue and Earnings Growth
For fiscal 2024, earnings per share were $6.32, up from $5.56 in the prior year. Net income increased to $2.1 billion compared to $1.9 billion last year. Total sales for the year increased to $21.1 billion, up from $20.4 billion.
Store Expansion and Share Repurchase Program
The company added 75 new Ross Dress for Less stores and 14 dd’s DISCOUNTS stores during the year, ending with 2,186 stores. Additionally, 7.3 million shares were repurchased for $1.05 billion.
Increased Dividends
The Board approved a 10% increase in the quarterly cash dividend to $0.405 per share.
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ROST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ROST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $135.53 | $138.19 | +1.96% |
| Nov 21, 2024 | $142.16 | $145.28 | +2.19% |
| Aug 22, 2024 | $151.30 | $153.97 | +1.76% |
| May 23, 2024 | $130.47 | $140.64 | +7.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ross Stores (ROST) report earnings?
Ross Stores (ROST) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is Ross Stores (ROST) earnings time?
Ross Stores (ROST) earnings time is at May 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ROST EPS forecast?
ROST EPS forecast for the fiscal quarter 2025 (Q1) is 1.43.
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