---
schema_version: "secwatch.filing_event.v1"
accession: "0000745732-23-000048"
form_type: "8-K"
ticker: "ROST"
cik: "0000745732"
company_name: "ROSS STORES, INC."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T08:07:50.666190+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000745732-23-000048
- form_type: 8-K
- ticker: ROST
- cik: 0000745732
- company_name: ROSS STORES, INC.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/745732/000074573223000048/0000745732-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/745732/000074573223000048/rost-20230817.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000745732-23-000048
- JSON: https://secwatch.observer/filing/0000745732-23-000048.json
- Plain text: https://secwatch.observer/filing/0000745732-23-000048.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/745732/000074573223000048/0000745732-23-000048-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/745732/000074573223000048/0000745732-23-000048-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/745732/000074573223000048/0000745732-23-000048-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/745732/000074573223000048/0000745732-23-000048-index.htm

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