secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0000745732-24-000022
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 $1.46 beats prior year $1.09; FY24 EPS guidance raised to $5.79-$5.98
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- Q1 net earnings $488M, EPS $1.46 vs $371M, $1.09; sales $4.9B (+8% YoY).
- Operating margin 12.2% up 205 bps YoY driven by lower distribution, incentive, freight costs.
- Repurchased 1.9M shares for $262M in Q1; on track for $1.05B buyback in FY24.
- Q2 guidance: comps +2-3%, EPS $1.43-$1.49.
- FY24 comps unchanged +2-3%; EPS raised to $5.79-$5.98 (excl $0.20 53rd wk benefit).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573224000022/0000745732-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573224000022/rost-20240523.htm
  HTML page:      https://secwatch.observer/filing/0000745732-24-000022

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