Ross Stores Faces Slower Growth With Shifts In Lower-Income Customers Preference, Says Analyst
1. Analyst lowers ROST price target from $175 to $150. 2. Q4 EPS of $1.79 beats estimates but falls short of last year's figure. 3. Sales decreased by 1.8% to $5.912 billion, missing consensus. 4. FY25 EPS forecast lowered to $5.95 – $6.55, below previous expectations. 5. Conservative sales outlook reflects challenges with core lower-income customers.