Financial Data and Key Metrics Changes - Adjusted EBITDA for the full year rose more than $10 million to $24.9 million, with almost $17 million in positive free cash flow, a $42 million improvement over fiscal 2024 [4][16] - Net sales for the fourth quarter were $215.9 million, a decline of 10.5%, with a gross margin expansion of 890 basis points to 53% [17][18] - Full-year net sales were $565.2 million, a decline of 9.8%, with adjusted EBITDA reaching $24.9 million, marking a $10.3 million improvement [21][19] Business Line Data and Key Metrics Changes - Men's and women's apparel drove strong margin improvements despite year-over-year sales declines, with notable growth in outerwear and the Souped-Up Sweats collections [6][22] - Retail channel sales grew by 3.5%, fueled by comparable sales growth and the launch of two new stores, while the direct channel saw a 16% decline for the full year [22][21] - SG&A expenses for the year were $310.5 million, which is $27.1 million or 8% lower than last year [24] Market Data and Key Metrics Changes - Mobile sales penetration increased by 160 basis points, while the retail channel outperformed the direct channel due to lower price sensitivity among retail customers [21][22] - The promotional reset resulted in declines in both men's and women's sales, with drops of 9.2% and 9.7% respectively, but profitability improved across product categories [22][23] - Inventory at year-end was $131.3 million, a $35.2 million or 21.1% reduction compared to the prior year [25] Company Strategy and Development Direction - The company is focused on building brand awareness with a full funnel marketing approach and enhancing operational efficiency through inventory management and SKU reduction [11][10] - Future plans include further investments in the Adairsville fulfillment center to boost productivity and streamline logistics [9][32] - The company aims to stabilize sales through increased assortment productivity and strengthen its brand to retain existing customers while acquiring new ones [33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's stronger financial and operational position entering 2026, with improved liquidity and inventory levels [14][27] - The outlook for fiscal year 2026 projects net sales in the range of $540 million-$560 million, anticipating a decline in the first half followed by stabilization in the second half [28][29] - Management highlighted the importance of maintaining disciplined promotional strategies and efficient inventory management to offset tariff impacts [11][31] Other Important Information - The company has completed the first two phases of streamlining fulfillment operations, closing two fulfillment centers to enhance efficiency [9] - Capital expenditures for the year were $17.8 million, with funds allocated primarily to investments in warehouse management and new store openings [26] Q&A Session Summary Question: Why is the retail channel holding up better than online? - Management attributed the strength in the retail channel to greater resilience and less price sensitivity among customers, along with strategic inventory allocation [36][37] Question: Why is there a projected decline in the first half of the year? - The decline is primarily driven by the digital channel, especially due to the promotional reset [39] Question: Can inventory turns improve to four times a year? - Management indicated that SKU reduction and improved supply chain efficiency could enhance inventory turns over time [40][41]

Financial Data and Key Metrics Changes - Adjusted EBITDA for the full year rose more than $10 million to $24.9 million, with almost $17 million in positive free cash flow, a $42 million improvement over fiscal 2024 [4][17] - Net sales for the fourth quarter were $215.9 million, a decline of 10.5%, with a gross margin expansion of 890 basis points to 53% [18][19] - Full-year net sales were $565.2 million, a decline of 9.8%, with adjusted EBITDA reaching $24.9 million, marking an improvement of $10.3 million [20][21] Business Line Data and Key Metrics Changes - Men's and women's apparel drove strong margin improvements despite year-over-year sales declines, with notable growth in outerwear and the Souped-Up Sweats collections [6][23] - Retail channel sales grew by 3.5%, fueled by comparable sales growth and the launch of two new stores, while the direct channel experienced a 16% decline for the full year [23][24] - SG&A expenses for the year were $310.5 million, which is $27.1 million or 8% lower than last year, with a successful target of $10 million in expense savings [25] Market Data and Key Metrics Changes - Mobile sales penetration increased by 160 basis points, indicating a shift in consumer purchasing behavior [22] - The promotional reset resulted in a decline in both men's and women's sales, with drops of 9.2% and 9.7% respectively, but profitability improved across product categories [23][24] - Inventory at year-end was $131.3 million, a $35.2 million or 21.1% reduction compared to the prior year [26] Company Strategy and Development Direction - The company is focused on building pricing and margin integrity through promotional resets, efficient inventory management, and SKU reduction [12][34] - A full funnel marketing approach is being implemented to reactivate the customer base, build retention, and attract new customers [14][34] - The company plans to enhance its logistics network and streamline fulfillment operations, with significant investments in the Adairsville fulfillment center [10][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's stronger financial and operational position entering 2026, with better liquidity and improved inventory levels [15][28] - The outlook for fiscal year 2026 projects net sales in the range of $540 million-$560 million, anticipating a decline in the first half followed by stabilization in the second half [28][29] - Management highlighted the importance of maintaining a disciplined promotional strategy and focusing on core products to drive future growth [34] Other Important Information - The company has completed the first two phases of streamlining and consolidating fulfillment operations, with plans for further productivity enhancements in 2026 [10][12] - The transition to an asset-based lending facility has resulted in lower borrowing costs and greater flexibility, strengthening the company's liquidity position [27][28] Q&A Session Summary Question: Why is the retail channel holding up better than online? - Management attributed the strength in the retail channel to greater resilience and less price sensitivity among customers, along with strategic inventory allocation that improved in-stock levels [36][38] Question: Why is there a projected decline in the first half of the year? - The decline is primarily driven by the digital channel, especially due to the promotional reset, while retail stores are expected to see positive bumps [40] Question: What improvements are expected in inventory turns? - Management indicated that improvements in SKU reduction and supply chain efficiency would enhance inventory turns over time [41][42]

Financial Data and Key Metrics Changes - For Q4 2025, total sales were $112.1 million, down from $119.2 million in Q4 2024, with comparable sales decreasing by 7.3% [30] - Full-year total sales were $435 million compared to $467 million in the previous year, with comparable sales down 8.4% [30] - Gross margin for Q4 2025 was 40.8%, down from 44.4% in Q4 2024, primarily due to lower merchandise margin and occupancy deleverage [31] - Full-year gross margin was 43.4%, down from 46.5% the previous year, reflecting occupancy deleverage and the impact of tariffs [31] - SG&A expenses for Q4 were 42.4% of sales, compared to 41.7% in Q4 2024, while full-year SG&A expenses were $187.4 million, down from $198.3 million [32] Business Line Data and Key Metrics Changes - Comparable sales in stores decreased by 8.6% in Q4, while the direct business saw a decline of 4.3% [30] - The sales results in Q4 were driven largely by traffic pressure in stores, with conversion holding up better than traffic [11] - Private brands outperformed national collection brands, with strong performances in casual pants, denim, and tailored clothing [13] Market Data and Key Metrics Changes - The company reported a significant impact from severe Arctic weather in January, which disrupted store operations and sales [4][11] - The company observed a positive shift in sales momentum into 2026, with February showing a -1.3% decline, an improvement from January's -12.9% [5][54] Company Strategy and Development Direction - The company is focusing on strategic initiatives such as FiTMAP, assortment, and marketing to drive customer engagement and sales [7][9] - The strategic focus for 2026 is to stabilize the business and drive back to profitable growth, emphasizing customer engagement and cost control [9] - The company plans to increase private brand penetration from approximately 57% to over 60% in fiscal 2026 and over 65% in fiscal 2027 [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improved sales momentum and expects continued improvement in comparable sales throughout 2026 [5][54] - The company is navigating challenges in the big and tall retail sector, including customer spending behavior influenced by economic factors [50][52] - Management highlighted the importance of adapting promotional strategies to drive customer engagement without undermining brand value [25][26] Other Important Information - The company ended the year with $28.8 million in cash and investments and no outstanding debt, providing flexibility for future operations [34] - A non-cash charge of $20.4 million was taken in Q4 to establish a full valuation allowance against deferred tax assets due to net operating losses [35] Q&A Session Summary Question: Can you provide more details on the FiTMAP technology and its momentum? - Management noted that FiTMAP has been rolled out in 188 stores, with a focus on increasing guest-level scanning penetration and training associates to maximize the technology's potential [39][41] Question: What is the competitive response in the big and tall category? - Management indicated that the big and tall market is facing challenges, but they believe customers will return to shopping as needs arise, despite current economic pressures [50][52] Question: What is the expected gross margin impact from increasing private brand penetration? - Management suggested that shifting to private brands could result in a gross margin improvement of 100 to 200 basis points over the next two years [57][60]

Financial Data and Key Metrics Changes - For Q4 2025, total sales were $112.1 million, down from $119.2 million in Q4 2024, with comparable sales decreasing by 7.3% [30] - Full-year total sales were $435 million compared to $467 million in the previous year, with comparable sales down 8.4% [30] - Gross margin for Q4 2025 was 40.8%, down from 44.4% in Q4 2024, primarily due to lower merchandise margin and occupancy deleverage [31] - Full-year gross margin was 43.4%, down from 46.5% the previous year, reflecting occupancy deleverage and the impact of tariffs [31] Business Line Data and Key Metrics Changes - Comparable sales in stores decreased by 8.6% in Q4, while the direct business saw a decline of 4.3% [30] - The sales results in Q4 were driven largely by traffic pressure in stores, with conversion holding up better than traffic [11] - Private brands outperformed national collection brands, with strong performances in casual pants, denim, and tailored clothing [13] Market Data and Key Metrics Changes - The company reported a decrease in comparable sales of 8.4% for the full year, with stores down 6.9% and direct down 11.8% [30] - The impact of severe Arctic weather in January led to a significant drop in sales, with January comp sales down 12.9% [4][11] - The company observed a positive shift in sales momentum into 2026, with February showing a -1.3% decline, indicating improvement [5] Company Strategy and Development Direction - The company is focused on stabilizing the business and driving back to profitable growth, emphasizing customer engagement and disciplined cost control [9] - Strategic initiatives include expanding the FiTMAP technology, enhancing private brand offerings, and refining promotional strategies [18][23] - The company plans to increase private label brand penetration from approximately 57% to over 60% in fiscal 2026 and over 65% in fiscal 2027 [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improved sales momentum and expects to achieve break-even comp sales before summer [5][54] - The company is navigating challenges in the big and tall retail sector, including economic headwinds and changing consumer behavior [52] - Management noted that while the promotional environment is competitive, they believe customers will return to shopping for clothing needs [54] Other Important Information - The company ended the year with $28.8 million in cash and investments and no outstanding debt, providing flexibility for future operations [34] - A non-cash charge of $20.4 million was taken in Q4 to establish a full valuation allowance against deferred tax assets due to net operating losses [35] - The company has paused new store openings for the year, focusing instead on converting existing stores and maintaining the current portfolio [16] Q&A Session Summary Question: Can you provide more details on the FiTMAP technology and its momentum? - Management indicated that FiTMAP has been rolled out in 188 stores, with a focus on increasing guest-level scanning penetration and training associates to maximize the technology's potential [39][41] Question: What is the competitive response in the big and tall category? - Management noted that the big and tall market is impacted by customer malaise and economic factors, but they expect customers to return to shopping as needs arise [50][54] Question: What is the expected gross margin impact from increasing private brand penetration? - Management indicated that moving to a higher percentage of private brands could positively impact gross margins, potentially by 100 to 200 basis points [57][60]

Financial Data and Key Metrics Changes - For Q4 2025, total sales were $112.1 million, down from $119.2 million in Q4 2024, with comparable sales decreasing by 7.3% [30] - Full-year total sales were $435 million, compared to $467 million in the previous year, with comparable sales down 8.4% [30] - Gross margin for Q4 2025 was 40.8%, down from 44.4% in Q4 2024, primarily due to lower merchandise margin and occupancy deleverage [31] - Full-year gross margin was 43.4%, compared to 46.5% the previous year, reflecting occupancy deleverage and the impact of tariffs [31] - SG&A expenses for Q4 were 42.4% of sales, compared to 41.7% in Q4 2024, while full-year SG&A expenses were $187.4 million, down from $198.3 million [32] Business Line Data and Key Metrics Changes - Comparable sales in stores decreased by 8.6% in Q4, while the direct business was down 4.3% [30] - The sales performance in Q4 was mixed, with November down 5.3%, December down 6.1%, and January down 12.9% due to severe weather [10] - The digital business faced a slight decline in conversion, reflecting demand softness and a competitive promotional environment [11] Market Data and Key Metrics Changes - The company noted a positive shift in sales momentum into 2026, with February showing a -1.3% decline, an improvement from January [5] - The company is optimistic about stabilizing the business and returning to profitable growth, focusing on customer engagement and cost control [9] Company Strategy and Development Direction - The company is focusing on strategic initiatives such as FiTMAP, assortment, and marketing to enhance customer experience and drive sales [8] - Plans for 2026 include increasing private brand penetration from approximately 57% to over 60% [23] - The company aims to stabilize the business and drive profitable growth by closely managing costs and leveraging inventory [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving sales trends and the potential for a rebound in customer spending [5] - The company is navigating challenges in the big and tall retail sector, including economic headwinds and changing consumer behavior [50] - Management anticipates that demand will eventually return as customers will need to replace worn clothing [50] Other Important Information - The company ended the year with $28.8 million in cash and investments and no outstanding debt, providing financial flexibility [34] - A non-cash charge of $20.4 million was taken in Q4 to establish a full valuation allowance against deferred tax assets due to net operating losses [35] Q&A Session Summary Question: Can you provide updates on the FiTMAP technology and its momentum? - Management indicated that FiTMAP has been rolled out in 188 stores, with a focus on increasing customer scanning and training associates to maximize its potential [39][41] Question: What is the competitive response in the big and tall market? - Management noted that the market is impacted by various factors, including economic conditions and consumer spending habits, but they expect a rebound as customers will eventually need clothing [48][50] Question: What is the expected gross margin impact from increasing private brand penetration? - Management stated that private brands typically have higher margins compared to national brands, and the shift is expected to positively impact gross margins over time [56][59] Question: How is the store fleet being managed in light of current economic conditions? - The company plans to pause new store openings in 2026, focusing instead on converting existing stores and optimizing the current fleet based on customer demand [62][64]

Core Insights - The company reported a turning point in its performance with a 5% comparable growth and mid-single-digit growth in gross merchandise value (GMV) for the fourth quarter [4] - The management emphasized broad-based performance across multiple growth engines, with notable growth in the third-party marketplace business and strong results in specific product categories [2][5] Financial Performance - Fourth-quarter revenue reached $462 million, reflecting a 5% increase from the prior year, driven by outfitters, third-party marketplaces, and U.S. e-commerce [4] - Adjusted EBITDA for the quarter was $47 million, up 9% year-over-year, with adjusted net income of $24 million or $0.76 per share [2] - Gross profit increased by 4% year-over-year, with a gross margin of 45%, down about 30 basis points due to tariff headwinds [3] Growth Strategies - The company adopted a "get back to basics" approach focusing on product franchises, personalization, and refreshed catalog strategies, which contributed to the turnaround in Europe [1] - Increased digital marketing investment led to a 20% rise in new-to-brand households acquired in Q4 compared to the previous year [6] - The school uniform channel experienced double-digit growth, supported by successful back-to-school seasons [5] Product Performance - Key product franchises showed strong performance, including double-digit growth in Christmas stockings and canvas pocket totes, as well as best-ever sales in feather-free outerwear and drifter sweaters [7] - Personalization options, such as expanded embroidery capabilities, were highlighted as a competitive advantage [8] Strategic Partnerships - A transformative transaction with WHP Global was announced, involving a joint venture where Lands' End will contribute its intellectual property and receive $300 million in cash proceeds [14] - The company plans to use the majority of the proceeds to retire its term loan, which was approximately $234 million at year-end, aiming for zero term loan debt post-transaction [15] Future Outlook - The company is focusing on profitable customer growth, product innovation, and expanding its brand reach internationally through licensing and marketplaces [20] - Management indicated that financial guidance will be provided following the anticipated closing of the joint venture by the end of the first quarter [19]

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $462 million, a 5% increase compared to Q4 2024 [14] - Gross profit increased by 4% year-over-year, with a gross margin of 45%, slightly down by 30 basis points [14] - Adjusted EBITDA for the full year was $102 million, up 10% from the previous year [9][16] - Adjusted net income increased over 100% to $27 million, with adjusted earnings per share rising by 46 cents to 86 cents [16] Business Line Data and Key Metrics Changes - U.S. e-commerce business grew by 5% compared to Q4 2024, with record new-to-brand acquisition up 20% year-over-year [14] - Third-party marketplace revenue grew by 4%, led by double-digit growth at Amazon [15] - The school uniform channel sustained double-digit growth, contributing to overall performance [7] Market Data and Key Metrics Changes - European business saw a turnaround with sales growth of 9% in Q4, reversing a multi-quarter trend [15] - The company experienced mid-single-digit GMV growth in Q4, reflecting broad-based momentum [5] Company Strategy and Development Direction - The company announced a transformative partnership with WHP Global to create a joint venture aimed at monetizing and building on its intellectual property [10] - The strategy includes focusing on profitable customer growth, improving acquisition and retention, and expanding brand reach internationally [19] - The company plans to leverage its partnership with WHP to accelerate brand licensing growth and strengthen its balance sheet [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position heading into 2026, highlighting the importance of the WHP transaction for future growth [9][20] - The management noted that they are not currently providing forward financial guidance but expect to do so after the WHP transaction closes [18] Other Important Information - The company will use the majority of the $300 million cash proceeds from the WHP transaction to retire its term loan, resulting in zero term loan debt [11][17] - The company has $9 million remaining on its existing share repurchase program [18] Q&A Session Questions and Answers Question: How will the partnership with WHP align with the brand vision? - The company selected WHP as a partner due to their like-minded approach, ensuring alignment with the brand vision [27] Question: Who are the new customers acquired, and what demographics do they represent? - The new customers are younger and include multiple generations, with a focus on customization as a competitive advantage [48] Question: What is driving the turnaround in Europe, and can those strategies be applied elsewhere? - The turnaround is attributed to a focus on franchises and personalization, with successful strategies expected to be transferable to the U.S. market [61] Question: What are the strategic opportunities for growth post-debt repayment? - While specific opportunities are not disclosed, the company plans to discuss growth strategies in detail during the next earnings call [82]

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $462 million, a 5% increase compared to Q4 2024 [14] - Adjusted EBITDA for the full year was $102 million, up 10% from the previous year [9][16] - Gross margin for Q4 was 45%, a slight decrease of approximately 30 basis points year-over-year, but increased by 140 basis points to 47% when excluding the impact of tariffs [14][15] Business Line Data and Key Metrics Changes - The U.S. e-commerce business grew by 5% compared to Q4 2024, with record new-to-brand acquisition up 20% year-over-year [14] - Third-party marketplace revenue grew by 4%, led by double-digit growth at Amazon [15] - The school uniform channel sustained double-digit growth, contributing to overall positive performance [7][15] Market Data and Key Metrics Changes - The European business delivered high single-digit comps, reversing a multi-quarter trend [6] - The overall GMV grew by mid-single digits in Q4, reflecting broad-based momentum [5][14] Company Strategy and Development Direction - The company announced a transformative partnership with WHP Global to create a joint venture aimed at monetizing and building on its intellectual property [10][11] - The focus for 2026 includes driving profitable customer growth, improving acquisition and retention, and expanding brand reach internationally [19][20] - The company plans to leverage its new Chief Marketing Officer to enhance brand awareness and accelerate growth [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position heading into 2026, highlighting the strength of the brand and the potential for value creation through the WHP partnership [9][20] - The company is monitoring economic conditions, particularly in Europe, but has not seen significant impacts from external factors like the war or tariffs on its U.S. business [51][63] Other Important Information - The company will use the majority of the $300 million cash proceeds from the WHP transaction to retire its term loan, resulting in zero term loan debt [11][17] - The company is not providing forward financial guidance at this time but expects to do so with the release of its first-quarter results [18] Q&A Session Questions and Answers Question: How should we think about the marketing strategy with the new CMO? - The partnership with WHP was selected to ensure alignment with the brand vision, focusing on amplification and growth in licensing [27][28] Question: Can you elaborate on the new customer demographics and margin outlook? - The customer file is growing, with a focus on reaching a multi-generational audience, and management is optimistic about margin improvements despite external challenges [40][48] Question: What is driving the turnaround in Europe? - The company has refocused on its franchises and personalization strategies, which have shown strong results in the European market [61][63] Question: What are the strategic opportunities for growth post-debt repayment? - While specific opportunities are not disclosed, management indicates a focus on growth and flexibility following the elimination of term loan debt [82]

Financial Data and Key Metrics Changes - For Q4 fiscal 2025, total revenue was $462 million, a 5% increase compared to Q4 fiscal 2024 [16] - Gross profit increased by 4% year-over-year, with a gross margin of 45%, a slight decrease of approximately 30 basis points [16] - Adjusted EBITDA for the full year was $102 million, up 10% from the previous year [10][18] - Adjusted net income increased over 100% to $27 million, with adjusted earnings per share rising by 46 cents to 86 cents [18] Business Line Data and Key Metrics Changes - The U.S. e-commerce business grew by 5% compared to Q4 2024, with record new-to-brand acquisition up 20% year-over-year [16] - Third-party marketplace revenue grew by 4%, led by double-digit growth at Amazon [17] - The school uniform channel sustained double-digit growth, contributing to overall performance [7] Market Data and Key Metrics Changes - The European business delivered high single-digit comps, reversing a multi-quarter trend [7] - The overall GMV grew mid-single digits in Q4, reflecting broad-based momentum [6] Company Strategy and Development Direction - The company announced a transformative transaction with WHP Global, creating a joint venture to monetize and build on its intellectual property [11] - The partnership aims to unlock near and long-term value, accelerate brand licensing growth, and strengthen the balance sheet [11][12] - The company plans to focus on profitable customer growth, product innovation, and expanding brand reach internationally [21][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position heading into 2026, highlighting the importance of the WHP transaction for future growth [10][23] - The company is focused on leveraging its strengths in customization and personalization to attract a younger customer demographic [50][70] - Management noted that while there are challenges such as tariffs and economic conditions in Europe, they are actively monitoring and addressing these issues [54] Other Important Information - The company will use the majority of the $300 million cash proceeds from the WHP transaction to fully repay its term loan, resulting in no term loan debt [12][19] - The company is not providing forward financial guidance at this time but expects to do so with the release of first-quarter results [20] Q&A Session Summary Question: What is the strategy behind the hire of Sarah Sylvester as CMO? - Management emphasized that the hire is about amplifying marketing efforts and reaching a broader audience, particularly younger customers [30][31] Question: How will the WHP partnership ensure alignment with the brand vision? - Management confirmed that they selected WHP as a partner that shares a similar vision, ensuring brand integrity in licensing agreements [30] Question: Can you elaborate on the demographics of the new customer base? - Management indicated that the new customers are younger and wealthier, with significant acquisition coming from the school uniform business [51] Question: What is driving the turnaround in Europe? - Management highlighted a focus on personalization and franchise strength, which has led to improved performance in the European market [66] Question: What are the strategic opportunities for growth post-debt repayment? - Management indicated that they will discuss growth opportunities in detail during the next earnings call, emphasizing a focus on becoming a growth company [87]

Group 1: Zoom - Zoom's fourth-quarter results showed adjusted earnings per share of $1.44, which missed the consensus estimate of $1.49, while revenue of $1.247 billion exceeded the forecast of $1.232 billion [1] - Analyst Joshua Reilly from Needham reiterated a Buy rating for Zoom and maintained a price target of $100 [1] - Zoom shares rose 0.6% to close at $76.43 [4] Group 2: Citigroup - Citigroup plans to conduct an initial public offering (IPO) for its Mexican retail banking unit, Banco Nacional de México (Banamex), in 2026, having already agreed to sell a 49% stake to investors [2] - Citigroup's consumer banking division, Citibank, N.A., announced the closure of all UAE branches except one due to threats from Iran [2] - Citigroup shares gained 0.9% to settle at $108.67 [4] Group 3: Ross Stores - Ross Stores reported better-than-expected fourth-quarter financial results, with quarterly revenue of $6.64 billion surpassing estimates of $6.41 billion and earnings per share of $2 exceeding estimates of $1.89 [3] - The company issued first-quarter EPS guidance with its midpoint above estimates [3] - Ross Stores shares fell 0.9% to settle at $207.22 [4]