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ROST Jun 2024 170.000 put
| Previous close | 37.04 |
| Open | N/A |
| Bid | 35.60 |
| Ask | 39.70 |
| Strike | 170.00 |
| Expiry date | 2024-06-21 |
| Day's range | 37.04 - 37.04 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Ross Stores boosts full-year earnings forecast, stock pops
Ross Stores (ROST) posted better-than-expected first quarter earnings and raised its full-year earnings guidance. For Q1, the discount retailer posted earnings per share of $1.46 compared to a $1.35 estimate. Revenue of $4.86 billion was about in line with Wall Street expectations of $4.82 billion. Ross Stores also raised its full-year earnings forecast to a range of $5.79 to $5.98 per share, up from $5.64 to $5.89. However, in the release, CEO Barbara Rentler says, “Ongoing uncertainty in today’s macroeconomic and geopolitical environments, including prolonged inflation, continue to squeeze our low-to-moderate income customers’ purchasing power." Yahoo Finance's Julie Hyman and Josh Lipton break down the results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
ReutersRoss Stores beats quarterly estimates on steady demand for discounted products
The California-based company's shares jumped nearly 7% to $141 in extended trading, after the company also posted an increase of 205 basis points in its quarterly operating margin. Over the last year, Ross's sales have recovered amid moderating inflation and a strong response to its value offerings on branded and designer apparel and footwear among its core lower-income cohort. "Ongoing uncertainty in today's macroeconomic and geopolitical environments, including prolonged inflation, continue to squeeze our low-to-moderate income customers' purchasing power," said Ross CEO Barbara Rentler.
Business WireRoss Stores Reports First Quarter Earnings
DUBLIN, Calif., May 23, 2024--Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended May 4, 2024 of $1.46 on net earnings of $488 million. These results compare to earnings per share of $1.09 on net income of $371 million for the 13 weeks ended April 29, 2023. Sales for the first quarter of 2024 grew 8% to $4.9 billion, up from $4.5 billion in the prior year period, with comparable sales up 3% versus last year.
