Ross Stores Inc

ROST: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$121.00	Ksc	Tykxjsph

Ross Earnings: Strong Top-Line Growth Continues as Value-Conscious Consumers Seek Discounts

Noah Rohr

Aug 23, 2024

Wide-moat Ross Stores delivered a strong fiscal 2024 second quarter as the firm’s vast assortment of off-price apparel and merchandise continued to attract value-conscious shoppers. We plan to raise our $117 per share fair value estimate by a low- to-mid-single-digit percentage as we retain our full-year comparable sales estimate of 3.5% but make a slight upward adjustment to our operating margin forecast, currently 11.4%.

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