Ross Stores Q2 EPS $1.32 beats $1.11 prior year; raises FY guidance

ROSS STORES, INC.

2023-Q2 EPS reported $2.41 revenue$9,429,591,000

Q2 net income $446M ($1.32 EPS) vs $385M ($1.11) YoY; sales $4.9B, +5% comps.
H1 EPS $2.41 ($818M) vs $2.08 ($723M); comps +3% vs -7% year ago.
Raised FY2023 EPS guidance to $5.15-$5.26 (incl. $0.16 53rd-week benefit) from $4.38.
Q2 share repurchases: 2.2M shares for $230M; $950M planned for fiscal 2023.
Operating margin 11.3%, flat YoY; cautious outlook due to persistent cost pressures on customers.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ROSS STORES, INC. reported the six months ended July 29, 2023 results: revenue $9.4 billion, net income $818 million, EPS $2.41.

Period: the six months ended July 29, 2023
Revenue: $9.4 billion
Net income: $818 million
EPS: $2.41
Result: reported results

Exact text from the filing

of $818 million. These results compare to earnings per share of $2.08 on net earnings of $723 million in the first half of 2022. Sales for the first six months of 2023 were $9.4 billion, with comparable store sales up 3% versus down 7% in the first half of 2022. Barbara Rentler, Chief Executive Officer, commented, “We are pleased with our second quarter results,

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ROSS STORES, INC. reported the 53 weeks ending February 3, 2024 results: EPS $5.15 to $5.26. Guidance raised.

Period: the 53 weeks ending February 3, 2024
EPS: $5.15 to $5.26
Guidance: raised
Result: guidance update

Exact text from the filing

earnings per share for the 53 weeks ending February 3, 2024 are now planned to be in the range of $5.15 to $5.26 versus $4.38 last year

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ROSS STORES, INC. reported the third and fourth quarters of 2023 results: EPS $1.16 to $1.21 and $1.58 to $1.64. Guidance raised.

Period: the third and fourth quarters of 2023
EPS: $1.16 to $1.21 and $1.58 to $1.64
Guidance: raised
Result: guidance update

Exact text from the filing

earnings per share for the third quarter are projected to be $1.16 to $1.21 versus $1.00 last year and $1.58 to $1.64 for the fourth quarter, compared to $1.31 in 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ROSS STORES, INC. reported the 13 weeks ended July 29, 2023 results: revenue $4.9 billion, net income $446 million, EPS $1.32.

Period: the 13 weeks ended July 29, 2023
Revenue: $4.9 billion
Net income: $446 million
EPS: $1.32
Result: reported results

Exact text from the filing

income of $446 million. These results compare to $1.11 per share on net earnings of $385 million for the 13 weeks ended July 30, 2022. Sales for the second quarter of 2023 were $4.9 billion versus $4.6 billion in the prior year period. Comparable store sales were up 5% versus down 7% in the second quarter of 2022. For the six months ended July 29, 2023, earnings per

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ROSS STORES, INC. filing history →

Source: SEC EDGAR

accession 0000745732-23-000048

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