Ross Stores is a prominent off-price retailer that operates a chain of stores offering a diverse selection of brand name and designer merchandise at discounted prices
The company specializes in apparel, home goods, and accessories, providing customers with a treasure-hunt shopping experience. By purchasing excess inventory from manufacturers and other retailers, Ross Stores is able to pass significant savings onto consumers, appealing to budget-conscious shoppers. The company operates under two distinct brand names, Ross Dress for Less and dd's Discounts, ensuring a wide reach in the off-price retail sector across various markets.
Ross Stores trades at $153.80 per share and has stayed right on track with the overall market, gaining 5.3% over the last six months. At the same time, the S&P 500 has returned 9.7%.
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Off-price retail company Ross Stores (NASDAQROST) fell short of the market’s revenue expectations in Q3 CY2024 as sales rose 3% year on year to $5.07 billion. Its GAAP profit of $1.48 per share was 6% above analysts’ consensus estimates.
