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home / news releases / ross stores insights from q1 2024 earnings rating up

ROST - Ross Stores: Insights From Q1 2024 Earnings (Rating Upgrade)

Ross Stores Inc.

2024-05-28 01:54:17 ET

Summary

  • Ross Stores' valuation has improved, prompting an upgrade from hold to buy, with an expected upside of 10%.
  • The company reported strong 1Q24 earnings, beating consensus estimates, driven by same-store-sales growth and margin expansion.
  • ROST continues to benefit from strong demand momentum and its merchandising strategy, which has been successful in raising prices.

Investment overview

For further details see:

Ross Stores: Insights From Q1 2024 Earnings (Rating Upgrade)
Stock Information
Company Name: Ross Stores Inc.
Stock Symbol: ROST
Market: NASDAQ
Website: rossstores.com
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