Ross Stores said it reported earnings per share of $1.48, net income of $489 million and sales of $5.1 billion for the 13 weeks ended November 2, 2024, with comparable store sales up 1%. In the same period last year, earnings per share were $1.33, net income was $447 million and sales were $4.9 billion.

1. 01

   Ross Stores said it reported earnings per share of $1.48, net income of $489 million and sales of $5.1 billion for the 13 weeks ended November 2, 2024, with comparable store sales up 1%. In the same period last year, earnings per share were $1.33, net income was $447 million and sales were $4.9 billion.

2. 02

   The company said its operating margin for Q3 was 11.9%, up from 11.2% in the same period last year. It cited lower incentive, freight and distribution costs as factors that more than offset the planned decline in merchandise margin.

3. 03

   The company said it repurchased 1.8 million shares of common stock for a total of $262 million in Q3 and plans to buy back $1.05 billion in fiscal 2024. Net cash provided by operating activities for the 9 months was 1,474,431 (in $000).

4. 04

   Ross Stores said it expects comparable store sales to rise 2% to 3% and earnings per share of $1.57 to $1.64 for the 13 weeks ending February 1, 2025. The company said it expects earnings per share for the 52-week fiscal year to be $6.10 to $6.17, compared with $5.56 in the prior year.

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Original filing

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