secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2022-05-19T23:59:59+00:00
Accession:  0000745732-22-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores Q1 EPS $0.97 vs $1.34; cuts FY2022 outlook as sales decline 7%
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- Q1 EPS $0.97 ($338M net income) vs $1.34 last year; includes $0.06 benefit from expense timing.
- Q1 sales $4.3B, down from $4.5B; comparable store sales -7% on top of +13% prior year.
- Operating margin 10.8% vs 14.2% due to lower sales, higher freight and wage costs.
- Q2 guide: same store sales -4 to -6%, EPS $0.99-$1.07 vs $1.39.
- FY2022 guide: comps -2 to -4%, EPS $4.34-$4.58 vs $4.87; cites inflation, geopolitical uncertainty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573222000029/0000745732-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573222000029/rost-20220519.htm
  HTML page:      https://secwatch.observer/filing/0000745732-22-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer