Ross Stores (NASDAQ:ROST) delivered stronger-than-expected fourth-quarter earnings, but issued a disappointing outlook for the current quarter and fiscal year. Currently, the company’s shares are up more than 1% intra-day today.
The retail giant reported earnings per share of $1.79, outpacing Wall Street expectations of $1.65. However, revenue for the quarter totaled $5.91 billion, falling just short of the consensus estimate of $5.94 billion.
Despite the earnings beat, investor sentiment soured due to the company’s cautious forward guidance. For the first quarter of 2026, Ross Stores projected EPS between $1.33 and $1.47, lagging behind analysts’ estimates of $1.54.
For the full fiscal year, the company expects earnings per share in the range of $5.95 to $6.55, below the consensus forecast of $6.72.