ROST - Ross Stores EPS beats by $0.44 beats on revenue

Ross Stores (ROST): Q1 GAAP EPS of $1.34 beats by $0.44.Revenue of $4.52B (+145.7% Y/Y) beats by $620M.Company authorized a new program to repurchase up to $1.5B of its common stock through fiscal 2022, with plans to buy back $650M this year and $850M in 2022.2Q Guidance: Company is forecasting same store sales to be up 5% to 7% for the 13 weeks ending July 31, 2021 versus the same period in 2019; and earnings per share are projected to be $0.80 to $0.89 vs. $1.01 consensus.FY21 Guidance: Comparable store sales gains of 7% to 9% versus 2019 and earnings per share of $3.93 to $4.20 vs. consensus of $4.23.Shares +3.7%.Press Release

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Ross Stores EPS beats by $0.44, beats on revenue