Ross Stores, Inc. provided financial guidance for the 13 weeks ending July 30, 2022 and for the 52 weeks ending January 28, 2023. The company now forecasting same store sales for the 13 weeks ending July 30, 2022 to decrease 4% to 6% on top of a very strong 15% gain in the prior year period, with earnings per share projected to be $0.99 to $1.07 versus $1.39 in last year's second quarter.”
For the 52 weeks ending January 28, 2023, the company now forecast comparable store sales to decline 2% to 4% versus a 13% gain in fiscal 2021. Earnings per share for fiscal 2022 are projected to be $4.34 to $4.58 compared to $4.87 in the prior year.