Ross Stores: Fourth Quarter Financial Results Overview

Ross Stores Surpasses Earnings and Revenue Expectations in Fourth Quarter

Ross Stores Inc., headquartered in Dublin, California, announced its financial results for the fiscal fourth quarter, revealing a net profit of $645.9 million.

The company achieved earnings of $2 per share, outperforming the consensus estimate of $1.88 per share from six analysts polled by Zacks Investment Research.

Quarterly revenue reached $6.64 billion, exceeding analysts’ projections of $6.4 billion, according to data from Zacks and five surveyed analysts.

For the full fiscal year, Ross Stores reported a total profit of $2.15 billion, translating to $6.61 per share, with annual revenue totaling $22.75 billion.

Looking ahead, the retailer anticipates earnings per share for the upcoming year to fall between $7.02 and $7.36.