ROST - Ross Stores GAAP EPS of $1.04 beats by $0.06 revenue of $5.02B beats by $70M

Ross Stores press release (NASDAQ:ROST): Q4 GAAP EPS of $1.04 beats by $0.06. Revenue of $5.02B (+18.1% Y/Y) beats by $70M. Comparable store sales up 9% versus the same period in 2019. FY 2022 Guidance: CEO Barbara Rentler said  “For the 52 weeks ending January 28, 2023, comparable store sales are forecast to be flat to up 3% versus a 13% gain in fiscal 2021. Earnings per share for fiscal 2022 are projected to be $4.71 to $5.12 compared to $4.87 in the prior year. This guidance reflects our expectation for sales and profitability to improve as we move through the year.” Q1 2022 Guidance: “While we hope to do better, given the aforementioned stimulus benefits and strong pent-up demand early last year, we are forecasting comparable store sales to be down 2% to down 4% on top of a 13% gain for the 13 weeks ended May 1, 2021. Earnings

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Ross Stores GAAP EPS of $1.04 beats by $0.06, revenue of $5.02B beats by $70M