Ross Stores faces earnings decline amid cautious macro conditions
- Ross Stores is scheduled to announce its fiscal first-quarter earnings on May 22, 2025.
- Analysts expect earnings to drop by 3% year-over-year, despite a projected increase in sales.
- The company's management anticipates ongoing competitive pressures affecting their full-year earnings.
On May 22, 2025, Ross Stores, a leading retailer, is set to announce its fiscal first-quarter earnings. Analysts predict earnings of $1.43 per share and estimated revenue of $4.96 billion, which would translate to a 3% decline in earnings year-over-year, along with a modest 2% increase in sales compared to the previous year’s figures of $1.47 per share and $4.86 billion in revenue. Historically, Ross stock has shown varied performance following earnings announcements, with notable chances of positive returns hovering around 50%. The company is making efforts to enhance operations and expand its store footprint to attract value-focused shoppers, employing strategies such as its innovative “packaway” approach to manage inventory effectively and maintain competitive pricing. Despite these efforts, management anticipates comparable store sales could remain flat or even decline by 3% for the first quarter due to prevailing macroeconomic uncertainties.