Description

Ross Stores, Inc.: A Robust Value Offering Serving a Broader Customer Base!

Ross Stores Inc.’s first quarter report for 2024 showed a mixed picture. On the positive side, the company managed to meet its Q1 sales guidance and outperform its earnings expectations. Its total sales grew by 8% to $4.9 billion in Q1 2024 from $4.5 billion during the same period in the previous year. This was primarily driven by an increase in traffic, which partially offset the decline in merchandise margin. The company’s earnings per share also rose from $1.09 in Q1 2023 to $1.46 in Q1 2024, resulting in net earnings of $488 million. This was due to lower expenses in relation to the company’s plan.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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