Ross Stores Beat Comps Forecast In Q3 2017

Discussion in 'Stock Market Forum' started by Rob Phill, Nov 16, 2017.

  1. Rob Phill

    Rob Phill Member

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    Off-price department store $ROST reported 16% growth in its 3Q17 earnings, helped by increased sales and higher merchandise margin. Net earnings during the quarter rose to $274MM from $245MM during 3Q16. EPS grew 16% YoY to $0.72 from $0.62 during the prior year period. Net sales grew 8% to $3.3Bil, with comp store sales growth of 4%.

    $ROST Ross Stores, Inc. Earnings AlphaGraphic: Q3 2017 Highlights http://alph.st/b1c0c628
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Sold 10 of my last 20 shares at $73.25 this morning.

    I once had a couple hundred shares that I'd accumulated going back several years. But I've been taking profits here on the way up in recent months.

    This has been a pretty profitable investment over the last several years.
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    Thats a big jump in the shares - how did the market get expectations so wrong?

    [​IMG]
     
  4. JR Ewing

    JR Ewing Super Moderator Staff Member

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    The thing about Ross is that when you walk into one of their stores and look around and check out the merchandise, you're very underwhelmed. But they sell a variety of un-fancy things very cheap, which always appeals to many people.

    They're fundamentally quite strong - sales, earnings, margins, debt to equity, cash flow, etc. And they have tons of institutional ownership in the stock.

    Seems like they'd make a good takeover target for one of the giants like WMT or AMZN
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    As they say in some parts of England, 'Where there's muck there's brass'.

    Sometimes it is the cheaper underwhelming things which sell well :)
     
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