Ross Stores Stock Fair Value – ROSS STORES Reports Strong Earnings for FY2024 Q2 on July 31, 2023

August 23, 2023

☀️Earnings Overview

ROSS STORES ($NASDAQ:ROST) announced their earnings results for fiscal year 2024 Q2 on July 31, 2023. Total revenue amounted to USD 4934.9 million, a 7.7% growth compared to the same period in the prior year. Net income was also 16.1% higher than the year prior, reaching USD 446.3 million.

Market Price

On Thursday, July 31st, 2023, ROSS STORES reported strong earnings for the second quarter of Fiscal Year 2024. The company’s stock opened at $115.8 and closed at $113.1, down 1.9% from its prior closing price of 115.2. The decline in price was mainly attributed to Wall Street’s reaction to the company’s earnings announcement. Going forward, the company will continue to focus on operational efficiencies and new initiatives to further strengthen its position and drive future growth. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Ross Stores. More…

    Total Revenues Net Income Net Margin
    18.86k 1.54k 8.2%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Ross Stores. More…

    Operations Investing Financing
    2.52k -711.48 -1.41k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Ross Stores. More…

    Total Assets Total Liabilities Book Value Per Share
    13.62k 9.31k 12.65
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Ross Stores are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    10.2% 19.9% 11.2%
    FCF Margin ROE ROA
    9.6% 30.6% 9.7%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Ross Stores Stock Fair Value

    At GoodWhale, we have conducted an analysis of ROSS STORES‘s financials and estimated the intrinsic value of its share to be around $120.7. This figure was calculated using our proprietary Valuation Line tool, which assesses the current state of the company from multiple angles, including the historic performance of its stock and the current trends in the market. We believe this presents a good opportunity for investors who are looking to benefit from a potential growth in the value of the company in the future. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Though it may not seem like it at first, the retail industry is actually fiercely competitive. This is especially true for those in the discount retail sector, where companies like Ross Stores Inc. must compete with the likes of Burlington Stores Inc, Kohl’s Corp, and Chiyoda Co Ltd. In order to stay ahead, Ross Stores Inc. has to offer low prices and a good selection of merchandise.

    – Burlington Stores Inc ($NYSE:BURL)

    Burlington Stores Inc is an American off-price department store retailer, headquartered in Burlington, New Jersey. It was founded in 1972 and has grown to operate over 700 stores in 45 states and Puerto Rico. The company offers a wide variety of merchandise, including clothing, shoes, accessories, home d├ęcor, and more. Burlington Stores Inc has a market cap of 9.89B as of 2022. The company’s return on equity is 28.14%. Burlington Stores Inc is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol “BURL.”

    – Kohl’s Corp ($NYSE:KSS)

    Kohl’s Corp is a publicly traded company with a market cap of 3.66B as of 2022. The company has a return on equity of 16.46%. Kohl’s Corp is a retail company that operates department stores in the United States. The company was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.

    – Chiyoda Co Ltd ($TSE:8185)

    Chiyoda Co Ltd is a Japanese engineering company. The company has a market cap of 26.54B as of 2022 and a Return on Equity of -2.63%. The company provides engineering, procurement, and construction services for the oil, gas, chemicals, power, and other industries.


    Investors should be pleased by the Q2 earnings results of ROSS STORES for FY2024. Total revenue increased by 7.7% year-over-year, and net income rose 16.1%. This means that the company is continuing to perform well despite the challenging economic environment.

    The increase in total revenue and net income suggests that ROSS STORES is continuing to expand its customer base and execute successful cost-saving strategies. These results suggest that ROSS STORES is an attractive investment option for investors.

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