Ross Stores (ROST) Stock Jumps 8% on Q4 Beat, Outlook
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Ross Stores Reports Fourth Quarter and Fiscal 2021 Results and Provides First Quarter and Fiscal 2022 Outlook
March 1, 2022 4:01 PM ESTAnnounces New Two-Year $1.9 Billion Stock Repurchase Authorization and Increases Quarterly Cash Dividend
Raises Long-Term Store Growth Potential
DUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended January 29, 2022 of $1.04 on net income of $367 million. This compares to $1.28 per share on net earnings of $456 million for the 13 weeks ended February 1, 2020. Sales for the fourth quarter of 2021 were $5.0 billion, with comparable store sales up 9% versus the same period in 2019.
For the 2021 fiscal year ended January 29, 2022,... More
