Ross Stores, Inc. (NASDAQ:ROST) Q4 2023 Results Conference Call March 5, 2024 4:15 PM ET
Company Participants
Barbara Rentler - Chief Executive Officer
Adam Orvos - Executive Vice President and Chief Financial Officer
Michael Hartshorn - Group President and Chief Operating Officer
Connie Kao - Group Vice President, Investor Relations
Conference Call Participants
Lorraine Hutchinson - Bank of America
Matthew Boss - JPMorgan
Mark Altschwager - Baird
Chuck Grom - Gordon Haskett
Michael Binetti - Evercore ISI
Alex Straton - Morgan Stanley
Adrienne Yih - Barclays
Brooke Roach - Goldman Sachs
Ike Boruchow - Wells Fargo
Simeon Siegel - BMO Capital Markets
Paul Lejuez - Citi
Marni Shapiro - Retail Tracker
Aneesha Sherman - Bernstein
Dana Telsey - The Telsey Advisory Group
Corey Tarlowe - Jefferies
John Kernan - TD Cowen & Company
Laura Champine - Loop Capital Markets
Krisztina Katai - Deutsche Bank
Jay Sole - UBS
Operator
Good afternoon, and welcome to the Ross Stores Fourth Quarter and Fiscal 2023 Earnings Release Conference Call. The call will begin with prepared comments by management followed by a question-and-answer session. [Operator Instructions]
Before we get started, on behalf of Ross Stores, I would like to note that the comments made on this call will contain forward-looking statements, regarding expectations about future growth and financial results, including sales and earnings forecasts, new store openings and other matters that are based on the company's current forecast of aspects of its future business.
These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from historical performance or current expectations. Risk factors are included in today's press release and the company's fiscal 2022 Form 10-K and fiscal 2023 Form 10-Qs and 8-Ks on file with the SEC.
And now, I'd like to turn the call over to Barbara Rentler, Chief Executive Officer.
Barbara Rentler
Good afternoon. Joining me on our call today are Michael Hartshorn, Group President and Chief Operating Officer; Adam Orvos, Executive Vice President and Chief Financial Officer; and Connie Kao, Group Vice President, Investor Relations.
We'll begin our call today with a review of our fourth quarter and 2023 performance followed by our outlook for 2024. Afterwards, we'll be happy to respond to any questions you may have.
As noted in today's press release, we are pleased with fourth quarter sales and earnings results that were well ahead of our expectations. Our above planned sales were driven by our customers' positive response to the improved assortments of quality branded bargains throughout our stores. Earnings per share for the 14-weeks ended February 3, 2024, were $1.82 up from $1.31 per share for the 13-weeks ended January 28, 2023.