04:31 PM EST, 03/05/2024 (MT Newswires) -- Ross Stores ( ROST ) late Tuesday reported Q4 net income of $1.82 per diluted share, compared with $1.31 a year earlier.

Analysts polled by Capital IQ expected $1.65.

Sales for the 14 weeks ended Feb. 3 was $6.02 billion, up from $5.21 billion a year earlier.

Analysts expected $5.81 billion.

For the current fiscal year, the apparel retailer is projecting EPS of $5.64 to $5.89.

Analysts are looking for $5.91.

The company also said its board recently has approved a new two-year $2.1 billion stock buyback program for fiscal 2024 and 2025. It also raised its quarterly dividend 10% to $0.3675 per share, payable March 29 to investors of record on March 15.

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