- Ross Stores (NASDAQ:ROST): Q4 GAAP EPS of $0.67 misses by $0.34.
- Revenue of $4.25B (-3.6% Y/Y) misses by $20M.
- comparable store sales down 6%, reflecting the negative impact from the upsurge of COVID-19 during the peak holiday selling season.
- The Company’s Board of Directors recently authorized the reinstatement of the quarterly cash dividend at a rate of $0.285 per share. This quarterly dividend is payable on March 31, 2021 to stockholders of record as of March 16, 2021.
- Ms. Rentler continued, “Comparable store sales for the 13 weeks ending May 1, 2021 are projected to be down 1% to down 5% compared to the 13 weeks ended May 4, 2019. Earnings per share for the 2021 first quarter are forecast to be $0.74 to $0.86 ($0.91 consensus), reflecting the deleveraging effect from the projected decline in same store sales, increased supply chain costs, higher wages, and ongoing COVID-related expenses.”
- Press Release