The stock of Ross Stores Inc (ROST) closed the regular trading session at $95, gaining 6.09% from the previous trading session. ROST stock lost 0.02% in the after-hours to $94.98, on the last check. Ross stores published the fiscal performance for Q4 and FY21. The firm filed form 8-K with the SEC on 1 March 2022 to report the fiscal performance.
ROST’s key financials
On 1 March 2022, Ross stores published the fiscal performance for Q4 and FY21. The key financials of the firm are
- ROST’s sales expanded by 18.1% from $4.2 billion in Q4 of FY20 to $5.02 billion in Q4 of FY21. Moreover, the sales for 2021 grew by 50.9% to $18.9 billion from $12.5 billion in 2020.
- The total earning of ROST increased by 54.1% to $366.8 million in Q4 of FY21 from $237.9 million in the same period last year. Also, the earnings for 2021 grew massively to $1.72 billion from $85.3 million in 2020.
- The firm had an EPS of $1.04 and $4.87 in Q4 and FY21, respectively.
- As of 29 January 2022, the firm had cash and cash equivalents of $4.93 billion versus $4.81 billion on 30 January 2021.
The CEO of Ross Stores (ROST), Barbara Rentler, said that they accomplished a solid outcome for Q4 in spite of the adverse consequence from Omicron cases and supply-chain blockage.
Fiscal 2022 stance
ROST estimates the revenue growth of 3% against 13% growth in FY21. The firm also estimated the EPS for FY22 to be in the range of $4.71 and $5.12 versus $4.87 in FY21. ROST expects the EPS for Q1 of FY22 to be between $0.93 and $0.99 compared to $1.34 in the corresponding period of last year.
ROST News
The stock buyback program was approved by the BoD of ROST. Under the buyback program, the firm will reclaim the stocks worth $1.9 billion. The Board additionally expanded the quarterly dividend by 9% to $0.31 per stock.
About ROST
Ross Stores Inc, working under the name Ross Dress for Less, is an American chain of discounted retail chains settled in Dublin, California. The firm has a market capitalization of $33.57 billion with 353.33 million shares pending.
