Company Earnings UpdateRoss (ROST) 3Q18 Results: In Line with Expectations; Raises Full-Year EPS Guidance Coresight Research November 21, 2018 Executive Summary Ross Stores reported 3Q18 revenues of $3.55 billion, up 6.6% year over year and in line with the consensus estimate. Diluted EPS was $0.91, up 26.9% year over year and $0.01 above the consensus estimate of $0.90. Comparable sales increased by 3.0% year over year, beating the consensus estimate of 2.8%. Ross Stores expects 4Q18 sales to decrease 1%-2% and provided 4Q18 guidance for EPS in the range of $1.09–$1.14, compared to the consensus estimate of $1.08, which includes a one-time, non-cash benefit of approximately $0.97 per share related to the favorable resolution of a tax matter. The company raised its full-year earnings per share guidance to $4.15–$4.20, from $4.01–$4.10. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Consumers Pull Back—Sentiment Sinks as Gas Prices Crowd Out Services: US Consumer Survey InsightsWeekly US Store Openings and Closures Tracker 2025, Week 50: Dollar General To Open More Than 450 Stores in 2026Consumer Sentiment Hits New Low; Many Consumers Cut Back on Eating Out Amid High Gas Prices: US Consumer Survey InsightsEconomic Optimism at Five-Month Low; Holiday Shopping Slows: US Consumer Survey Insights
