Ross Stores Posts Strong Q4 Beat, Projects Robust Growth Ahead
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Ross Stores reported a strong fourth quarter, with profit of $2.00 per share, exceeding analyst expectations of $1.90. Revenue climbed 12% to $6.64 billion, significantly above the $6.42 billion consensus, driven by a robust 9% increase in same-store sales, well ahead of the 5.1% anticipated. While the EPS beat was previously reported, this article provides the full financial details and, critically, strong forward guidance. For the current quarter, the company expects EPS of $1.60-$1.67 and same-store sales growth of 7%-8%, both above analyst estimates. Fiscal year guidance also projects healthy growth. This comprehensive report, particularly the upbeat outlook, signals sustained positive momentum and is highly material for traders.
At the time of this announcement, ROST was trading at $208.55 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $63.9B. The 52-week trading range was $122.36 to $206.40. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.