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Ross Stores Inc. Message Board

  • captainwho2 captainwho2 Aug 22, 2013 10:13 PM Flag

    Nice beat on Q2 Rev (+1.2% beat, +9.0%Growth YoY) and EPS (+5.4% beat, +21.0% Growth YoY)

    Gotta be happy with that if you're long this stock! Same Store Sales Comps came in at +4% YoY vs killer year in '12.

    So ROST Q2 EPS was +21.0% vs +18% for TJX. Why is TJX outperforming ROST on a ttm basis by so much (and to a lesser degree on 2 yr basis)?

    FY EPS Guidance (neither adjusted for disadvantage of xtra week in '12) for ROST is for +11% to +13% Growth YoY vs +7.4% to +9.8% for TJX. Again, why is TJX outperforming ROST???

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    • It looks like we will have to be patient a while longer. Those who have been around a while know that this company issues super conservative guidance, and then beats the hell out of it. Before, we could count on monthly sales numbers edging up the guidance on a monthly basis. Now we have to wait a full quarter. This stock should be up 10% today, but there are some investors who still take the guidance seriously, and we just have to wait for them to sell and get out of the way.

      • 2 Replies to seeoverthehill
      • I think maybe it hasn't sunk in yet that they RAISED their FY Guidance by +2.1% at the midpoint, from prior $3.70 to $3.81 to new $3.80 to $3.87. It just doesn't make sense that TJX can guide what works out to +7.4% to +9.8% vs ROST's +11% to +13% and TJX, which has poorer valuation metrics yet greater trailing performance, gets a much greater pop after earnings than ROST. I guess it made a new all time high but the sellers beat it back down, with no regard for the fact that it deserves to catch up to TJX. Like you say, we'll just have to wait for the market to wise up and recognize the buy opportunity.

        Sentiment: Strong Buy

      • I like the conservative approach, over-exuberance sometimes backfires. I like how this stock has been flying under the radar compared to other retail names. With baby steps and expected pullbacks, we could see $100 by this time next year.

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