Wedbush Raises Price Target on Ross Stores (ROST) Following a 4Q Beat-And-Raise
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Ross Stores Reports Fourth Quarter And Fiscal 2015 Results
March 1, 2016 4:01 PM ESTDUBLIN, Calif., March 1, 2016 /PRNewswire/ -- Ross Stores, Inc. (Nasdaq: ROST) today reported earnings per share for the fourth quarter ended January 30, 2016 of $.66, up 10% from the prior year, on net earnings that rose 6% to $264 million. Sales for the fiscal 2015 fourth quarter grew 7% to $3.251 billion, with comparable store sales up 4% versus a 6% gain last year.
For the fiscal year, earnings per share rose 14% to $2.51 on top of strong multi-year increases, while net earnings increased 10% to $1.021 billion. Sales for the 2015 fiscal year grew 8% to $11.940 billion, with comparable store sales up 4%.
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