Ross Stores Issues Conservative Guidance As Inflation Weighs on Consumers

Seeking Alpha03-06

Ross Stores (NASDAQ:ROST) shares are drifting lower in after-hours trading after the off-price retailer issued conservative guidance as the lingering inflationary environment continues to pressure low...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1114997255?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-06 07:35","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"1114997255","market":"us","top_or_hot":-1,"title":"Ross Stores Issues Conservative Guidance As Inflation Weighs on Consumers","media":"Seeking Alpha","content":"<div>\n<p>Ross Stores (NASDAQ:ROST) shares are drifting lower in after-hours trading after the off-price retailer issued conservative guidance as the lingering inflationary environment continues to pressure low...</p>\n\n<a href=\"https://seekingalpha.com/news/4076326-ross-stores-conservative-guidance-inflation-weighs-consumers\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ross Stores Issues Conservative Guidance As Inflation Weighs on Consumers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoss Stores Issues Conservative Guidance As Inflation Weighs on Consumers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-06 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4076326-ross-stores-conservative-guidance-inflation-weighs-consumers><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ross Stores (NASDAQ:ROST) shares are drifting lower in after-hours trading after the off-price retailer issued conservative guidance as the lingering inflationary environment continues to pressure low...</p>\n\n<a href=\"https://seekingalpha.com/news/4076326-ross-stores-conservative-guidance-inflation-weighs-consumers\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ROST","symbol_name":"罗斯百货有限公司","start_time":0,"source_url":"https://seekingalpha.com/news/4076326-ross-stores-conservative-guidance-inflation-weighs-consumers","article_id":"1114997255","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114997255","pubTimestamp":1709681700,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Ross Stores (NASDAQ:ROST) shares are drifting lower in after-hours trading after the off-price retailer issued conservative guidance as the lingering inflationary environment continues to pressure low","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ROST":"罗斯百货有限公司"},"translate_title":"罗斯商店发布保守指引，通胀拖累消费者","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ROST":1.1},"content_text":"Ross Stores (NASDAQ:ROST) shares are drifting lower in after-hours trading after the off-price retailer issued conservative guidance as the lingering inflationary environment continues to pressure low-to-moderate income consumers.“While we are encouraged by the sustained sales momentum that began in the second quarter of 2023 and continue through the holiday season, there remains ongoing uncertainty in the macroeconomic and geopolitical environments,” CEO Barbara Rentler said.The Dublin, Calif-based retailer earned a profit of $1.82 per share – up from $1.31 per share in the same quarter last year – on a 15% increase in sales to $6.02B. Both beat expectations by 17 cents and $210M, respectively. Results were impacted by an extra week in 2023 which added 20 cents per share to EPS and $308M in sales.With the help of a 7% gain in same store sales and lower freight costs, the company’s operating margin widened by 165 basis points to 12.4%.On the balance sheet, cash and cash equivalents increased by 7% to $4.87B. Inventory increased 8% to $2.19B.For the first quarter ending May 4, the company expects a profit of $1.29 to $1.35 per share with comparable same store sales expected to increase by 2% - 3%. This compares to $1.09 in the same quarter last year but is below estimates for $1.26 EPS.For 2024, earnings are expected to be between $5.64 to $5.89 per share versus $5.56 in 2023. This is below the estimated $5.91. Comparable sales will likely increase by 2% to 3% on top of a 5% gain this year.Additionally, the company increased its quarterly dividend by 10% to $0.3675 per share, and authorized a new share repurchase agreement for $2.1B, an 11% gain from the recently completed purchase.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1114997255"}