secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0000745732-23-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573223000048/0000745732-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573223000048/rost-20230817.htm
  HTML page:      https://secwatch.observer/filing/0000745732-23-000048

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