---
schema_version: "secwatch.filing_event.v1"
accession: "0000745732-23-000004"
form_type: "8-K"
ticker: "ROST"
cik: "0000745732"
company_name: "ROSS STORES, INC."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:57:16.865353+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ross Stores Q4 EPS $1.31 beats guidance; raises dividend 8%; FY23 EPS guidance $4.65-$4.95

## Summary
- Q4 EPS $1.31 vs $1.04 prior year; net income $447M; sales $5.2B; comp store sales up 1%.
- Fiscal 2022 EPS $4.38; net income $1.5B; sales $18.7B; comp store sales down 4%.
- Quarterly dividend increased 8% to $0.335 per share, payable March 31, 2023.
- FY23 EPS guidance $4.65-$4.95 (incl. ~$0.15 from 53rd week); Q1 guidance $0.99-$1.05.
- Repurchased 10.3M shares for $950M in fiscal 2022; $950M remaining under $1.9B authorization.

## SEC filing metadata
- accession: 0000745732-23-000004
- form_type: 8-K
- ticker: ROST
- cik: 0000745732
- company_name: ROSS STORES, INC.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/745732/000074573223000004/0000745732-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/745732/000074573223000004/rost-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000745732-23-000004
- JSON: https://secwatch.observer/filing/0000745732-23-000004.json
- Plain text: https://secwatch.observer/filing/0000745732-23-000004.txt

## Key facts
- Earnings Releases
  ROSS STORES, INC. reported 13 weeks ending April 29, 2023 results: EPS $0.99 to $1.05. Guidance initiated.
  - Period: 13 weeks ending April 29, 2023
  - EPS: $0.99 to $1.05
  - Guidance: initiated
  - Result: guidance update
  source text: If sales perform within this range, we expect earnings per share for the first quarter of 2023 to be $0.99 to $1.05 versus $0.97 last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/745732/000074573223000004/0000745732-23-000004-index.htm
- Earnings Releases
  ROSS STORES, INC. reported fourth quarter ended January 28, 2023 results: revenue $5.2 billion, net income $447 million, EPS $1.31.
  - Period: fourth quarter ended January 28, 2023
  - Revenue: $5.2 billion
  - Net income: $447 million
  - EPS: $1.31
  - Result: reported results
  source text: Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the fourth quarter ended January 28, 2023 of $1.31 on net income of $447 million. These results compare to earnings per share of $1.04 on net earnings of $367 million for the 13 weeks ended January 29, 2022. Sales for the fourth quarter of 2022 were $5.2 billion, with comparable store sales up 1% on top of a 9% increase for the same period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/745732/000074573223000004/0000745732-23-000004-index.htm
- Earnings Releases
  ROSS STORES, INC. reported 53 weeks ending February 3, 2024 results: EPS $4.65 to $4.95. Guidance initiated.
  - Period: 53 weeks ending February 3, 2024
  - EPS: $4.65 to $4.95
  - Guidance: initiated
  - Result: guidance update
  source text: If sales perform in line with this plan, we expect earnings per share for the 53 weeks ending February 3, 2024 to be $4.65 to $4.95 compared to $4.38 in fiscal 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/745732/000074573223000004/0000745732-23-000004-index.htm
- Earnings Releases
  ROSS STORES, INC. reported 2022 fiscal year ended January 28, 2023 results: revenue $18.7 billion, net income $1.5 billion, EPS $4.38.
  - Period: 2022 fiscal year ended January 28, 2023
  - Revenue: $18.7 billion
  - Net income: $1.5 billion
  - EPS: $4.38
  - Result: reported results
  source text: For the 2022 fiscal year ended January 28, 2023, earnings per share were $4.38 on net income of $1.5 billion, compared to $4.87 per share on net earnings of $1.7 billion in 2021. Sales for 2022 were $18.7 billion, versus $18.9 billion in fiscal 2021, with comparable store sales down 4%, versus a robust 13% increase in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/745732/000074573223000004/0000745732-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.