earnings
confidence high
sentiment positive
materiality 0.75
Ross Stores Q3 EPS $1.33, net income $447M; comp sales +5%; Q4 EPS guidance $1.56-$1.62
ROSS STORES, INC.
2023-Q3 EPS reported
$3.74
revenue$14,354,440,000
- Q3 EPS $1.33 vs $1.00; net income $447M vs $342M; revenue $4.9B vs $4.6B.
- Comparable store sales +5%; operating margin improved to 11.2% from 9.8%.
- Repurchased 2.1M shares for $239M; on track for $950M buyback in FY2023.
- FY2023 EPS guidance raised to $5.30-$5.36 (incl. $0.16 from 53rd week); Q4 comps +1% to +2%.