Jim Cramer Says Jim Conroy Is “Doing an Incredible Job at Ross Stores”
Key takeaways
- Jim Cramer Says Jim Conroy Is “Doing an Incredible Job at Ross Stores” Syeda Seirut Javed Wed, June 10, 2026 at 10:38 PM GMT+7 2 min read ROST Ross Stores, Inc.
- Improved marketing brings customers into the stores.
- The company has just under 2,300 stores between its two brands.
Jim Cramer Says Jim Conroy Is “Doing an Incredible Job at Ross Stores” Syeda Seirut Javed Wed, June 10, 2026 at 10:38 PM GMT+7 2 min read ROST Ross Stores, Inc. (NASDAQ:ROST) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. Cramer discussed the stock during the episode, as he remarked:
Improved marketing brings customers into the stores. Once they’re there, they find better merchandising than they remember and a better in-store experience that converts to better sales, which in turn lets Ross invest more in merchandising, marketing, and fixing up the stores. That’s why I think the stock can keep running. I don’t expect Ross to keep putting up 17% same stores sales. That’s too hard. But I do expect solid results. And as the numbers get better, management can start focusing on expanding their footprint.
The company has just under 2,300 stores between its two brands. Conroy thinks they can have 3600. That’d be big. Valuation-wise, Ross Stores now trades at 29 times this year’s earnings estimates, up from 23 times earnings when Conroy took over. And yes, it’s a bit rich for a retailer on an absolute basis, no doubt about it, but let’s be, why don’t we be a little more, let’s say, comparative. I don’t think it’s that… expensive because TJX sells for like 31 times earnings.