Ross Stores ( (ROST) ) has released its Q3 earnings. Here is a breakdown of the information Ross Stores presented to its investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Ross Stores, Inc., a leading off-price apparel and home fashion retailer in the United States, operates over 2,200 locations offering brand name and designer merchandise at significant discounts.
In its latest earnings report, Ross Stores exceeded its third-quarter earnings guidance and raised its full-year outlook. The company reported earnings per share of $1.58, surpassing last year’s $1.48, and a net income of $512 million, up from $489 million. Sales grew by 10% to $5.6 billion, with a 7% increase in comparable store sales.
Key financial highlights include a robust operating margin of 11.6%, driven by strong sales performance and expense control. The company repurchased 1.7 million shares for $262 million, continuing its shareholder payout strategy. Year-to-date earnings per share were $4.61, with sales reaching $16.1 billion.
Looking forward, Ross Stores is optimistic about the holiday season, expecting comparable store sales to rise by 3% to 4% and earnings per share to range between $1.77 and $1.85. The company anticipates minimal impact from tariff-related costs in the fourth quarter and has increased its full-year earnings guidance.
Ross Stores remains focused on delivering quality merchandise at exceptional value, aiming to capture additional market share amid rising retail prices. The company’s strategic initiatives and strong execution position it well for continued growth.