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Ross Stores (ROST) 3Q17 Results: Beats Estimates, Raises FY17 Guidance

Executive Summary

  • Ross Stores reported 3Q17 EPS of $0.72, up 16.1% year over year and beating the $0.67 consensus estimate. Revenues rose by 7.8% from the year-ago quarter, to $3.33 billion, ahead of the $3.26 billion consensus estimate.
  • Comp sales increased by 4% on top of a 4% gain in the year-ago quarter and ahead of the 2% consensus estimate.
  • The company guided for 4Q17 comp growth of 2%–3% versus 1%–2% previously and the consensus estimate of 2.5%. Ross Stores raised its full-year EPS guidance range to $3.24–$3.28 from $3.16–$3.23 previously. The consensus estimate calls for full-year EPS of $3.23.

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