secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0000745732-24-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores beats Q4 expectations with EPS $1.82, raises dividend, authorizes $2.1B buyback
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- Q4 EPS $1.82 vs $1.31 prior year; net income $610M (up 36%); sales $6.0B; comp store sales +7%.
- Fiscal 2023 EPS $5.56 vs $4.38; net earnings $1.9B on $20.4B sales; comp sales +5% (incl. 53rd week benefit).
- Board approved new $2.1B two-year stock repurchase program (11% increase) and raised quarterly dividend 10% to $0.3675/share.
- FY2024 guidance: same store sales +2%-3%; EPS $5.64-$5.89; Q1 EPS $1.29-$1.35.
- CEO cites improved assortments driving sales; cautious outlook due to elevated housing, food, and gasoline costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573224000006/0000745732-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573224000006/rost-20240305.htm
  HTML page:      https://secwatch.observer/filing/0000745732-24-000006

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