Ross Stores (ROST) Tops Q4 EPS by 2c, Comps Increase 4%, Offers Guidance

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Go back to Ross Stores (ROST) Tops Q4 EPS by 2c, Comps Increase 4%, Offers Guidance

Ross Stores Reports Fourth Quarter and Fiscal 2016 Results

February 28, 2017 4:01 PM EST

Announces New Two-Year $1.75 Billion Stock Repurchase Program and 19% Increase in Quarterly Cash Dividend

Also Provides First Quarter and Fiscal 2017 Guidance

DUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (Nasdaq: ROST) today reported earnings per share for the fourth quarter ended January 28, 2017 of $.77, up 17% from the prior year, on net earnings that rose 14% to $301 million. Sales for the fiscal 2016 fourth quarter grew 8% to $3.5 billion, with comparable store sales up 4% versus a 4% gain last year.

For the fiscal year, earnings per share rose 13% to $2.83,... More