Ross Stores Stock Price, News & Analysis

Ross Stores has announced the opening of its first dd's DISCOUNTS store in Milwaukee on February 4, 2023. Located in Loomis Centre, the new store spans 18,500 square feet, adding to the over 2,000 off-price apparel and home fashion stores operated by Ross Dress for Less and dd's DISCOUNTS in 40 states, the District of Columbia, and Guam. In fiscal 2021, Ross Stores generated revenues of $18.9 billion. The company provides substantial savings on name-brand and designer items, offering 20% to 60% off regular prices.

Ross Stores announces the opening of a new dd's DISCOUNTS store in San Jose, California, on February 4, 2023. The 21,500 square foot store is located in the White & Quimby Shopping Center. Ross Dress for Less and dd's DISCOUNTS operate over 2,000 off-price apparel and home fashion stores across 40 states, the District of Columbia, and Guam. In fiscal 2021, Ross Stores achieved revenues of $18.9 billion, positioning itself as the largest off-price apparel chain in the U.S., offering significant savings on name brand products.

Ross Stores, Inc. (NASDAQ: ROST) reported third-quarter earnings of $1.00 per share, down from $1.09 last year, with net income of $342 million compared to $385 million in 2021. Sales remained at $4.6 billion, but comparable store sales dipped 3%. For the nine months ended October 29, earnings were $3.08 per share, down from $3.82 y-o-y. The company repurchased 2.8 million shares for $244 million and is on track for $950 million in buybacks this fiscal year. Looking ahead, ROST projects fourth-quarter earnings per share between $1.13 and $1.26 amidst ongoing economic challenges.

Ross Stores, Inc. (NASDAQ: ROST) announced a quarterly cash dividend of $0.31 per common share, payable on December 30, 2022, to stockholders of record by December 6, 2022. The company reported fiscal 2021 revenues of $18.9 billion and operates 1,696 Ross Dress for Less locations across 40 states, D.C., and Guam. Ross offers significant savings on brand name apparel and home fashions, with discounts of 20% to 60% off regular prices. Additionally, it operates 323 dd's DISCOUNTS stores with discounts of 20% to 70%.

Ross Stores, Inc. (NASDAQ: ROST) is set to announce its third quarter 2022 earnings on November 17, 2022, at approximately 4:00 p.m. Eastern time. Following this, a live audio webcast of the conference call will take place at 4:15 p.m. Eastern time. Investors can access these events through the Company’s website. As of fiscal 2021, Ross Stores reported revenues of $18.9 billion and operates the largest off-price apparel and home fashion chain in the U.S., with over 40 states served.

Ross Stores, based in Dublin, California, has completed its store growth plans for 2022, opening 40 new locations—28 Ross Dress for Less and 12 dd's DISCOUNTS—in September and October. This expansion brings the total store count to 2,019 across 40 states, the District of Columbia, and Guam. The company aims to reach at least 2,900 Ross and 700 dd's stores in the future, indicating confidence in ongoing growth opportunities. Fiscal 2021 revenues reached $18.9 billion.

Ross Stores, Inc. (NASDAQ: ROST) has announced the election of Edward G. Cannizzaro to its Board of Directors, effective October 14, 2022. With over 35 years at KPMG, he brings extensive expertise in finance and compliance, having served in various leadership roles, including Global Head of Quality, Risk, and Regulatory. The company's Chairman, George Orban, expressed confidence in Cannizzaro's ability to positively influence the company and its shareholders. Ross Stores operates 1,669 retail locations across the U.S., with fiscal 2021 revenues of $18.9 billion.