secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0000745732-23-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores Q1 EPS $1.09 vs $0.97; guides FY EPS $4.77-$4.99
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- Q1 net earnings $371M, EPS $1.09 (up from $338M, $0.97 YoY); sales $4.5B (+5% YoY).
- Comparable store sales +1% in Q1; operating margin 10.1% vs 10.8% a year ago.
- Q2 EPS forecast $1.07-$1.14 vs $1.11 last year; comps expected flat.
- Full-year FY2023 EPS guidance raised to $4.77-$4.99 (includes ~$0.15 53rd-week benefit) from $4.38.
- Repurchased 2.2M shares for $234M in Q1; on track for $950M buyback in fiscal 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573223000031/0000745732-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573223000031/rost-20230518.htm
  HTML page:      https://secwatch.observer/filing/0000745732-23-000031

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