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Ross Stores Fiscal Q3 EPS, Sales Increase; Guidance Updated
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Ross Stores Fiscal Q3 EPS, Sales Increase; Guidance Updated
Nov 21, 2024 6:54 PM

04:37 PM EST, 11/21/2024 (MT Newswires) -- Ross Stores ( ROST ) reported fiscal Q3 earnings late Thursday of $1.48 per diluted share, up from $1.33 a year earlier.

Analysts polled by FactSet expected $1.39.

Sales for the quarter ended Nov. 2 were $5.07 billion, up from $4.92 billion a year earlier.

Analysts surveyed by FactSet expected $5.15 billion.

For fiscal Q4, the company expects EPS of $1.57 to $1.64 on comparable store sales growth of 2% to 3%. It previously expected $1.60 to $1.67 on comparable sales growth of 2% to 3%. Analysts expect $1.67.

For the fiscal year 2025, the off-price retailer said it now expects EPS in the range of $6.10 to $6.17, up from its prior estimate of $6.00 to $6.13. Analysts are looking for $6.14.

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