Ross Stores Third Quarter 2023 Earnings: Beats Expectations

Ross Stores (NASDAQ:ROST) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$4.57b (flat on 3Q 2022).
• Net income: US$342.0m (down 11% from 3Q 2022).
• Profit margin: 7.5% (down from 8.4% in 3Q 2022).
• EPS: US$1.00 (down from US$1.10 in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ross Stores Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Ross Stores is showing 1 warning sign in our investment analysis that you should know about...

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