Ross Stores Q4 comparable sales decline 6 percent

Ross Stores, Inc. reported earnings of 238 million dollars or 67 cents per share for the fourth quarter. The company’s sales for the quarter were 4.2 billion dollars, with comparable store sales down 6 percent, reflecting the negative impact from the upsurge of Covid-19 during the peak holiday selling season. For the 2020 fiscal year, earnings per share were 24 cents on net income of 85 million dollars, while total sales declined to 12.5 billion dollars.