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. reports news on its off-price apparel and home fashion retail business, which operates through the Ross Dress for Less® and dd's DISCOUNTS® banners. Company updates commonly cover quarterly and annual earnings, comparable-store sales, merchandising performance, guidance, tariff-related cost commentary, and the role of brand-name apparel, footwear, accessories, and home fashions in its value-focused assortments.
Ross Stores news also includes store expansion across U.S. markets, capital return actions such as dividends and share repurchase authorizations, and governance developments involving board and finance leadership succession. The company’s disclosures connect operating results with store growth, expense control, customer engagement, and capital allocation.
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Dublin, California – On February 4, 2023, dd's DISCOUNTS, part of Ross Stores (NASDAQ: ROST), will open a new store in Fort Myers, covering 20,500 square feet at The Forum Shopping Center. This expansion adds to the over 2,000 off-price apparel and home fashion stores that Ross operates across 40 states, the District of Columbia, and Guam. Ross is recognized as the largest off-price apparel and home fashion retailer in the U.S., with fiscal 2021 revenues reported at $18.9 billion. The store will offer significant savings on name brand apparel and home fashions for families.
Dublin, California, February 1, 2023 – dd's DISCOUNTS, a division of Ross Stores (ROST), is set to open a new store in Houston on February 4, 2023. The store spans 21,500 square feet and is located at the Copperwood Village Shopping Center. Ross Dress for Less and dd's DISCOUNTS collectively operate over 2,000 off-price stores across 40 states, Washington D.C., and Guam. In fiscal 2021, Ross Stores generated $18.9 billion in revenue, offering significant discounts on quality apparel and home fashions.
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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.
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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%.