secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0000745732-22-000058
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores Q3 EPS $1.00, comps down 3%; raises Q4 guidance to $1.13-$1.26
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- Q3 diluted EPS $1.00 (net income $342M) vs $1.09 ($385M) a year ago; beat company expectations.
- Sales $4.6B flat YoY; comparable store sales -3% on top of a 14% gain last year.
- Operating margin 9.8% vs 11.4%, pressured by deleverage, higher markdowns and packaway timing.
- Q4 guidance: comps flat to -2%, EPS $1.13-$1.26; FY2022 EPS now $4.21-$4.34 (vs $4.87 last year).
- Repurchased 2.8M shares for $244M in Q3; on track for $950M in FY2022 under $1.9B program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573222000058/0000745732-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573222000058/rost-20221117.htm
  HTML page:      https://secwatch.observer/filing/0000745732-22-000058

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