Ross Stores Inc
ROST: XNAS (USA)
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Ross Stores Earnings: Broad-Based Category Strength Drives Holiday Outperformance, Shares Pricey
Ross' fourth-quarter results included 9% comp sales growth and adjusted EPS of $2.00, up 12%. Gross margin expanded 70 basis points to 27.2%, reflecting improved merchandise margins driven by better buying and disciplined inventory management, partly offset by elevated distribution costs.
