ROST Stock Recent News

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Ross Stores NASDAQ: ROST isn't a cheap stock trading 24 times its earnings, but it is a value for investors. Competitor TJX Companies NYSE: TJX trades at a similar valuation, about four handles greater than the average S&P 500 NYSEARCA: SPY stocks, for a reason.

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Ross Stores (ROST) reports solid first-quarter fiscal 2024 results on gains from customers' favorable response to quality and other strategies.

Shares of Ross Stores (ROST) surged over 8% in early trading Friday as the off-price apparel and home goods retailer posted better-than-anticipated results and raised its guidance as it cut costs.

The shares of Ross Stores Inc (NASDAQ:ROST) are up 8.4% at $142.88 at last glance, after the retailer announced upbeat first-quarter results and raised its profit outlook.

Off-price retailers TJX Cos. and Ross Stores have piles of deals for bargain hunters.

While the top- and bottom-line numbers for Ross Stores (ROST) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Ross Stores, Inc. (NASDAQ:ROST ) Q1 2024 Earnings Conference Call May 23, 2024 4:15 PM ET Company Participants Barbara Rentler - Chief Executive Officer Adam Orvos - Executive Vice President & Chief Financial Officer Michael Hartshorn - Group President & Chief Operating Officer Conference Call Participants Lorraine Hutchinson - Bank of America Michael Binetti - Evercore ISI Matthew Boss - JPMorgan Mark Altschwager - Baird Chuck Grom - Gordon Haskett Alex Straton - Morgan Stanley Tracy Kogan - Citi Adrienne Yih - Barclays Bob Drbul - Guggenheim Simeon Siegel - BMO Capital Markets Brooke Roach - Goldman Sachs Dana Telsey - Telsey Advisory Group Aneesha Sherman - Bernstein Laura Champine - Loop Capital Markets Marni Shapiro - Retail Tracker Operator Good afternoon, and welcome to the Ross Stores First Quarter 2024 Earnings Release Conference Call. The call will begin with prepared comments by management, followed by a question-and-answer session.