Overview

• Off-price retailer's Q4 sales grew 12%, beating analyst expectations

• Company announced new $2.55 bln stock repurchase authorization

• Quarterly cash dividend increased by 10% to $0.445 per share

Outlook

• Ross Stores forecasts Q1 comparable store sales growth of 7% to 8%

• Fiscal 2026 EPS projected at $7.02 to $7.36

• Company projects fiscal 2026 same store sales growth of 3% to 4%

Result Drivers

• MERCHANDISE ASSORTMENTS - Strong sales performance driven by compelling merchandise assortments during holiday season

Company press release: ID:nPn53CNc6a

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Sales	Beat	$6.64 bln	$6.41 bln (14 Analysts)
Q4 EPS		$2
Q4 Net Income		$645.87 mln
Q4 comparable store sales Growth		9%
Q4 Operating Margin		12.3%
Q4 Pretax Profit		$848.26 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the apparel & accessories retailers peer group is "buy"

• Wall Street's median 12-month price target for Ross Stores Inc is $214.00, about 5.8% above its March 2 closing price of $202.30

• The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 25 three months ago

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