Welcome to our dedicated page for Ross Stores news (Ticker: ROST), a resource for investors and traders seeking the latest updates and insights on Ross Stores stock.
Ross Stores, Inc. (NASDAQ: ROST) operates as a leading off-price retailer offering branded apparel, accessories, and home goods through its Ross Dress for Less and dd's DISCOUNTS banners. This page provides investors and stakeholders with a centralized hub for official corporate announcements, financial disclosures, and strategic developments.
Access timely updates on quarterly earnings, store expansions, leadership changes, and supply chain initiatives. Our curated news collection enables efficient tracking of ROST's performance in the competitive discount retail sector, including merchandise procurement strategies and consumer demand trends.
Key categories include earnings call transcripts, SEC filings, partnership announcements, and operational updates. Bookmark this page to monitor how Ross Stores maintains its market position through opportunistic inventory purchasing and cost-conscious retail practices while serving value-focused consumers nationwide.
Ross Stores (ROST) has announced the opening of 19 new locations in March 2025, including 16 Ross Dress for Less® and three dd's DISCOUNTS® stores across 14 states. The expansion is part of the company's fiscal 2025 plan to add approximately 90 new stores (80 Ross and 10 dd's DISCOUNTS locations).
Ross expanded its presence in newer markets including Connecticut, Minnesota, New Jersey, and New York, while dd's DISCOUNTS focused on existing markets in California, Georgia, and Texas. The company now operates a total of 2,205 locations across 44 states, DC, and Guam, comprising 1,847 Ross and 358 dd's DISCOUNTS stores.
With fiscal 2024 revenues of $21.1 billion, Ross Stores maintains a long-term growth target of 2,900 Ross locations and 700 dd's DISCOUNTS stores, driven by consumer focus on value and convenience.
Ross Stores (ROST) reported Q4 FY2024 earnings per share of $1.79 on sales of $5.9 billion, with comparable store sales up 3%. For the full fiscal year 2024, EPS reached $6.32 on sales of $21.1 billion, up from $5.56 and $20.4 billion respectively in FY2023.
The quarter included a one-time benefit of $0.14 per share from a packaway facility sale. Q4 operating margin remained flat at 12.4%. The company repurchased 7.3 million shares for $1.05 billion in FY2024 and increased quarterly dividend by 10% to $0.405 per share.
Looking ahead to FY2025, Ross projects comparable store sales between -1% to +2% and EPS of $5.95 to $6.55. For Q1 FY2025, the company forecasts comparable store sales between -3% to flat, with EPS projected at $1.33 to $1.47, citing softening sales trends and macroeconomic challenges.
Ross Stores (NASDAQ: ROST) has announced a CFO succession plan, with current Executive Vice President and CFO Adam Orvos (60) set to retire on September 30, 2025. William Sheehan (56), currently Group Senior Vice President of Finance, has been promoted to Deputy CFO and will succeed Orvos on October 1, 2025.
Sheehan brings over 34 years of retail industry financial experience, including 15 years at Lord & Taylor before joining Ross in 2006. In his future role as CFO, he will oversee accounting, treasury, financial planning, tax, procurement, finance operations, risk management, and investor relations, reporting to COO Michael Hartshorn.
Ross Stores, an S&P 500 and Fortune 500 company, reported fiscal 2023 revenues of $20.4 billion. The company operates 1,831 Ross Dress for Less locations across 43 states, offering 20-60% savings on retail prices, and 355 dd's DISCOUNTS stores in 22 states, providing 20-70% savings on moderate department store prices.
Ross Stores (NASDAQ: ROST) has announced it will release its fourth quarter and fiscal 2024 earnings results on March 4, 2025, at approximately 4:00 p.m. Eastern time. A conference call with a real-time audio webcast will follow at 4:15 p.m. Eastern time, accessible through the Investors section of the company's website.
The company, an S&P 500, Fortune 500, and Nasdaq 100 member, operates 1,831 Ross Dress for Less® locations across 43 states, DC, and Guam, offering 20-60% savings on name brand fashion. Additionally, Ross runs 355 dd's DISCOUNTS® stores in 22 states, providing 20-70% savings on moderately-priced merchandise. The company reported fiscal 2023 revenues of $20.4 billion.
Ross Dress for Less has announced the opening of a new store in Fresno, California on March 8, 2025. The 23,000 square foot store will be located in the Sunnyside Country Club Village Shopping Center. This expansion adds to Ross Stores' significant retail presence, which includes over 2,100 off-price apparel and home fashion stores across 43 states, DC, and Guam.
The company, listed as ROST on Nasdaq 100, reported fiscal 2023 revenues of $20.4 billion. Ross Dress for Less, the company's primary brand, offers name brand and designer merchandise at 20% to 60% off department store prices, while their dd's DISCOUNTS chain, operating in 22 states, provides savings of 20% to 70% off moderate department store prices.
Ross Stores (NASDAQ: ROST) has announced a donation of $850,000 to support disaster relief efforts for the California wildfires, partnering with organizations including the American Red Cross, United Way of Greater Los Angeles, and the Los Angeles Regional Food Bank. The company will also facilitate customer donations at its 188 Southern California stores from January 16th through January 26th.
Ross Stores maintains a significant presence in California with nearly 500 Ross Dress for Less and dd's DISCOUNTS locations, along with a major buying office in Los Angeles. The company operates a total of 1,836 Ross Dress for Less locations across 43 states and 356 dd's DISCOUNTS stores in 22 states, offering discounted apparel and home fashions at 20-60% and 20-70% off regular prices respectively. The company reported fiscal 2023 revenues of $20.4 billion.
Ross Stores (ROST) reported Q3 2024 earnings with mixed results. EPS rose to $1.48 from $1.33, while net income increased to $489 million from $447 million year-over-year. Q3 sales reached $5.1 billion, up from $4.9 billion, with comparable store sales growing 1%. Operating margin improved to 11.9% from 11.2%. However, the company expressed disappointment with Q3 sales performance, citing impacts from severe weather and warm temperatures. For Q4 2024, Ross projects comparable store sales growth of 2-3% and updated full-year 2025 EPS guidance to $6.10-$6.17.
Ross Stores (NASDAQ: ROST) has declared a quarterly cash dividend of $0.3675 per common share, payable on December 31, 2024, to stockholders of record as of December 10, 2024. The company, a major off-price retailer, currently operates 1,836 Ross Dress for Less® locations across 43 states, DC, and Guam, and 356 dd's DISCOUNTS® stores in 22 states. Ross Stores reported fiscal 2023 revenues of $20.4 billion, offering brand-name merchandise at 20-60% savings at Ross and 20-70% savings at dd's DISCOUNTS.
Ross Stores (ROST) has scheduled its third quarter 2024 earnings release for Thursday, November 21, 2024, at approximately 4:00 p.m. Eastern time, followed by a conference call at 4:15 p.m. Eastern time. The company operates 1,836 Ross Dress for Less® locations across 43 states and 356 dd's DISCOUNTS® stores in 22 states. Ross Stores reported fiscal 2023 revenues of $20.4 billion. The company offers name brand and designer merchandise at 20% to 60% savings at Ross locations and 20% to 70% savings at dd's DISCOUNTS®.
Proficient Auto Logistics (NASDAQ: PAL) has appointed Brenda Frank to its Board of Directors. Frank currently serves as Group Senior Vice President of Human Resources, Buying Offices at Ross Stores, leading a team of over 80 professionals. She brings extensive experience in human capital management and legal matters, having previously held executive positions at Stericycle and Shred-it. Frank's background includes roles as Chief People Officer at Stericycle and Executive VP of HR, Franchise Relations, General Counsel & Secretary at Shred-it. She holds a J.D. from NYU School of Law and a B.S. in Accounting from SUNY Albany.
FAQ
What is the current stock price of Ross Stores (ROST)?
What is the market cap of Ross Stores (ROST)?
