Ross Stores Inc.


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SKU: ROST-1 Category:


Ross Stores has bounced back after a particularly rough 2020 and saw its revenues more than double in the recent quarterly results. The company was forced to shut its stores in the same quarter last year as its apparel offerings fell under the non-essentials category and it did not have an e-commerce strategy either. However, with rising in-store traffic and the pent-up demand, the company’s revenues soared and its comparable store sales improved by as much as 13% on account of a higher average basket size. While the in-store traffic is still not at 2019 levels, there are a number of positives in favor of Ross Stores for the rest of the year such as the improved purchasing power of consumers on account of the recent stimulus, high savings, improving labor market, and of course, the excellent vaccine penetration. We are optimistic about Ross Stores’ future and maintain our ‘Outperform’ rating with a revised target price.

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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