Stock Analysis

Ross Stores Third Quarter 2023 Earnings: Beats Expectations

Published
NasdaqGS:ROST
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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).
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NasdaqGS:ROST Earnings and Revenue Growth December 9th 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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