Ross Stores (ROST) Misses Q4 EPS by 33c, Revenues Miss; Offers 1Q EPS Guidance Below Consensus

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Go back to Ross Stores (ROST) Misses Q4 EPS by 33c, Revenues Miss; Offers 1Q EPS Guidance Below Consensus

Ross Stores Reports Fourth Quarter and Fiscal 2020 Results

March 2, 2021 4:01 PM EST

Reinstates Quarterly Dividend

Provides First Quarter Guidance and Fiscal 2021 Outlook

DUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (NASDAQ: ROST) today reported earnings for the 13 weeks ended January 30, 2021 of $238 million or $0.67 per share. Sales for the fourth quarter of 2020 were $4.2 billion, with comparable store sales down 6%, reflecting the negative impact from the upsurge of COVID-19 during the peak holiday selling season.

For the 2020 fiscal year, earnings per share were $0.24 on net income of $85 million, which includes a one-time, pre-tax charge of $240... More