earnings
confidence high
sentiment positive
materiality 0.80
Ross Stores Q3: EPS $1.09, sales $4.6B, +14% comp; guides Q4 EPS $0.83-$0.93
ROSS STORES, INC.
2021-Q3 EPS reported
$3.82
revenue$13,895,595,000
- Net income $385M, EPS $1.09 vs $1.03 in Q3 2019 (pre-COVID baseline).
- Sales rose 19% to $4.6B; comparable store sales up 14%.
- Operating margin 11.4%; leverage from sales offset by higher freight, wage, COVID costs.
- Repurchased 2.1M shares for $241M in Q3; on track for $650M buyback in FY21.
- Q4 guidance: EPS $0.83-$0.93, comp sales +7-9%; FY21 EPS now $4.65-$4.75.