Ross Stores Reports Fourth Quarter and Fiscal 2020 Results
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Ross Stores (ROST) Misses Q4 EPS by 33c, Revenues Miss; Offers 1Q EPS Guidance Below Consensus
March 2, 2021 4:03 PM ESTRoss Stores (NASDAQ: ROST) reported Q4 EPS of $0.67, $0.33 worse than the analyst estimate of $1.00. Revenue for the quarter came in at $4.25 billion versus the consensus estimate of $4.27 billion.
Barbara Rentler, Chief Executive Officer, commented, While our fourth quarter sales exceeded our expectations, the upsurge of the virus resulted in lower traffic, especially in California, our largest state, where we were subject to more stringent occupancy and operating hour restrictions.
Ms. Rentler continued, Fourth quarter operating margin of 9.5% declined versus last year as an increase in merchandise margin was more than offset by the... More
