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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Ross Stores, Inc.    ROST

ROSS STORES, INC.

(ROST)
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Ross Stores : Posts Lower 3Q Profit, Sales

11/19/2020 | 04:35pm EST

By Kimberly Chin

Ross Stores Inc.'s profit decreased in the third quarter on higher costs and expenses as sales fell 2.5% due to the pandemic curbing in-store traffic.

The discount retail chain said net profit was $131.2 million, or 37 cents a share, down from $370.9 million, or $1.03 a share, the year earlier. Analysts polled by FactSet expected earnings of 59 cents a share.

Sales fell to $3.75 billion from $3.85 billion a year earlier. Analysts were looking for $3.42 billion. Same-store sales fell 3%.

"Sales trends accelerated during the third quarter following a slower start in August, driven by an improvement in our merchandise assortments, a later back-to-school season, stronger performance in our larger markets, and our return to more normal store hours," Chief Executive Barbara Rentler said.

Ross Stores incurred a one-time charge of $240 million related to the financing of $775 million in senior notes, the company said.

Total costs and expenses rose 7.5% from a year ago to $3.62 billion.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

11-19-20 1634ET

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Financials (USD)
Sales 2021 12 538 M - -
Net income 2021 312 M - -
Net cash 2021 1 029 M - -
P/E ratio 2021 129x
Yield 2021 0,38%
Capitalization 41 695 M 41 695 M -
EV / Sales 2021 3,24x
EV / Sales 2022 2,42x
Nbr of Employees 92 500
Free-Float 93,9%
Chart ROSS STORES, INC.
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Ross Stores, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends ROSS STORES, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Average target price 124,29 $
Last Close Price 116,97 $
Spread / Highest target 19,7%
Spread / Average Target 6,26%
Spread / Lowest Target -23,1%
EPS Revisions
Managers and Directors
NameTitle
Barbara Rentler Chief Executive Officer & Director
Michael J. Hartshorn Group President & Chief Operating Officer
Michael Balmuth Chairman
Travis R. Marquette Group SVP, Chief Financial & Accounting Officer
Michael K. Kobayashi President-Operations & Technology
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