Ross issues weak outlook despite beating earnings

The off-price retailer's Q4 operating margin was 13.2%, a 135 basis point decline from last year, which CFO Michael Hartshorn told analysts was due to the benefits the company experienced from a 53-week fiscal year in 2017, according to a transcript from The Motley Fool. Operating margin for the full year was down 85 basis points to 13.6% due to "last year's 20 basis point benefit from the 53rd week."...
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