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Feb 01, 2025
Ross Stores Q4 2024 Earnings Report
Ross Stores reported strong sales but slightly lower earnings in Q4 2024.
Key Takeaways
Ross Stores delivered solid Q4 2024 results, with revenue of $5.91 billion and comparable store sales growth of 3%. Adjusted EPS was $1.79, slightly below last year’s $1.82. Net income declined to $587 million from $610 million. Operating margin remained stable at 12.4%, supported by a one-time benefit from the sale of a packaway facility.
Revenue reached $5.91 billion, with a 3% increase in comparable store sales.
Adjusted EPS was $1.79, down slightly from $1.82 in the prior year.
Net income declined to $587 million, compared to $610 million in Q4 2023.
Operating margin remained at 12.4%, supported by a one-time facility sale.
Revenue by Geographic Location
Forward Guidance
Ross Stores is taking a cautious approach for fiscal 2025, expecting soft sales at the beginning of the year due to macroeconomic challenges and weather impacts. The company forecasts Q1 comparable sales to be flat to down 3%, with EPS guidance ranging from $1.33 to $1.47.
Positive Outlook
- Strong holiday sales performance in Q4 2024.
- Continued investment in inventory and store expansion.
- Stable operating margins despite external pressures.
- Increased shareholder returns via share repurchases and dividends.
- Confidence in navigating macroeconomic challenges.
Challenges Ahead
- Soft sales trends in January and February 2025.
- Heightened macroeconomic and geopolitical uncertainties.
- Potential headwinds from consumer spending slowdowns.
- Forecasted Q1 comparable sales decline of up to 3%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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