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Stock impact report

Ross Stores: Buy On The Dip [Seeking Alpha]

Ross Stores, Inc. (ROST) 
Last ross stores, inc. earnings: 3/3 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.rossstores.com
Company Research Source: Seeking Alpha
SummaryRoss Stores looks set to emerge as a prime beneficiary from COVID-19 disruptions.I would look beyond the recent Q1 miss and near-term margin pressure, as the long-term opportunity remains intact.A well-capitalized balance sheet should ensure resilience through the downturn.I would be a buyer on the recent dip.With COVID-19 on the resurgence, Ross Stores (ROSTQ1 Miss Does Not Alter the Long-Term OutlookIn line with its peers, ROST reported aQ1 EPS missQ1 '19Q2 '19Q3 '19Q4 '19Q1 '20Net Sales3,796.63,979.93,849.14,413.41,842.7% chg Y/Y5.8%6.5%8.4%7.5%-51.5%GAAP EPS1.151.141.031.28-0.873.8%9.4%13.3%6.6%-175.4%Source: Company DataThe Q1 miss could also stretch into Q2, but I doubt the market will put too much weight on near-term earnings. According to TJX Companies (recent callInvestor PresentationOn that basis, ROST's stores look set for a steady reversion to fiscal 2019 sales levels, making up for any lost margins in the recent quarter. With the rest of the retail landscape still Show less Read more
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