secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0000745732-24-000059
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores Q3 EPS $1.48, net income $489M; comps +1% weak; FY25 EPS guidance $6.10-$6.17
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- Q3 EPS $1.48 vs $1.33 a year ago; net income $489M vs $447M; sales $5.1B vs $4.9B.
- Comparable store sales +1%, below plan; CEO cites execution issues and weather from Hurricanes Helene and Milton.
- Operating margin improved to 11.9% from 11.2% on lower incentive, freight, and distribution costs.
- Repurchased 1.8M shares for $262M; on track for $1.05B buyback in FY2024 under $2.1B program.
- Full year EPS guidance $6.10-$6.17 (vs $5.56 last year); Q4 EPS guidance $1.57-$1.64 (vs $1.82 prior, 14-week quarter).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573224000059/0000745732-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573224000059/rost-20241121.htm
  HTML page:      https://secwatch.observer/filing/0000745732-24-000059

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