Ross Stores Inc. (NASDAQ: ROST), which operates a chain of off-price apparel and home accessories stores, has announced results for the third quarter of 2023.
- In the October quarter, earnings per share increased to $1.33 from $1.00 in the third quarter of 2022
- Net income for the three-month period was $447 million, versus $342 million in the prior-year quarter
- The company reported total sales of $4.9 billion for Q3, up from $4.6 billion in the same period last year
- There was a 5% increase in comparable store sales; the management expects same-store sales to be up 1-2% in Q4
- It is looking for earnings in the range of $1.56 per share to $1.62 per share for Q4, compared to $1.31 per share last year
- Full-year profit is expected to be in the range of $5.30 per share to $5.36 per share
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: FedEx looks set to report mixed results for Q4 2025
FedEx Corp. (NYSE: FDX) is preparing to report fourth-quarter earnings on Tuesday, June 24, at 4:00 pm ET. Recently, the management lowered its full-year earnings and revenue guidance for the
How Ulta Beauty’s (ULTA) new strategy is fueling growth
Shares of Ulta Beauty, Inc. (NASDAQ: ULTA) were up over 1% on Monday. The stock has gained 31% over the past three months. The beauty retailer started fiscal year 2025
Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results
The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,
