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Shares of Ross Stores (NASDAQ:ROST) rose in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share increased 562.07% year over year to $1.34, which beat the estimate of $0.88.
Revenue of $4,516,000,000 rose by 145.04% from the same period last year, which beat the estimate of $3,870,000,000.
Guidance
Ross Stores Sees Q2 EPS $0.80-$0.89 Vs. $1.03 Est., FY22 EPS $3.93-$4.20 Vs. $4.22 Est.
Conference Call Details
Date: May 20, 2021
Time: 04:15 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/zq9abpje
Technicals
52-week high: $134.22
52-week low: $79.65
Price action over last quarter: Up 15.26%
Company Overview
Ross Stores is a leading American off-price apparel and home fashion retailer, operating over 1,850 stores (at the end of fiscal 2020) across the Ross Dress for Less and dd's Discounts banners. Ross offers a variety of name-brand products and targets undercutting conventional retailers' regular prices by 20%-70%. The company uses an opportunistic, flexible merchandising approach; together with a relatively low-frills shopping environment centered on a treasure-hunt experience, Ross maximizes inventory turnover and traffic, enabling its low-price approach. In fiscal 2020, 28% of sales came from home accents (including bed and bath), 23% from the ladies' department, 14% from each of men's and accessories, 12% from shoes, and 9% from children's. All sales were made in the United States.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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