secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2022-08-18T23:59:59+00:00
Accession:  0000745732-22-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores Q2 EPS $1.11 down 20%; comps -7%; cuts FY2022 guidance to $3.84-$4.12
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- Q2 EPS $1.11 vs $1.39 last year; net income $385M vs $494M.
- Sales $4.6B, -4% YoY; comparable store sales -7% on top of +15% prior year.
- Operating margin 11.3% vs 14.1%, hurt by deleveraging, higher markdowns, freight costs.
- Repurchased 2.9M shares for $235M in Q2; FY2022 buyback plan $950M.
- FY2022 EPS guided $3.84-$4.12 (vs $4.87); Q3 EPS $0.72-$0.83; Q4 $1.04-$1.21.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573222000047/0000745732-22-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573222000047/rost-20220818.htm
  HTML page:      https://secwatch.observer/filing/0000745732-22-000047

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