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.
News and disclosures about Ross Stores, Inc. (Nasdaq: ROST) highlight the company’s role as a major off-price apparel and home fashion retailer and provide ongoing insight into its operations, governance, and financial performance. Headquartered in Dublin, California and identified as an S&P 500, Fortune 500, and Nasdaq 100 company, Ross Stores regularly issues press releases covering earnings, store growth, dividends, and leadership changes.
Investors following ROST news can review quarterly earnings announcements that summarize sales, comparable store performance, operating margins, and net earnings. These releases often include management commentary on merchandise assortment, customer response, marketing campaigns, and the impact of factors such as tariffs and macroeconomic conditions. They also outline guidance for upcoming quarters or fiscal years, along with discussions of key risks and uncertainties.
Company news also covers store expansion and development. Recent updates describe the opening of new Ross Dress for Less and dd’s DISCOUNTS locations across multiple states, completion of annual store growth plans, and expansion into additional markets within the Midwest, Northeast, and sunbelt regions. These announcements frequently restate the company’s store counts and geographic reach across 44 states, the District of Columbia, Guam, and Puerto Rico.
Additional Ross Stores news items include dividend declarations, specifying regular quarterly cash dividends and record and payment dates, as well as corporate governance and leadership succession updates, such as Board Chair transitions and Chief Financial Officer appointments. Community-focused releases, including charitable donations through the Ross Stores Foundation, provide further context on the company’s engagement with local communities.
By monitoring this news feed, readers can track how Ross Stores communicates its financial results, store growth, capital return programs, and leadership changes, all of which are relevant for understanding developments affecting ROST stock and the company’s position in the off-price retail sector.
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.
Ross Stores, Inc. (NASDAQ: ROST) announced Q2 2022 earnings per share of $1.11 and net income of $385 million, compared to $1.39 and $494 million in Q2 2021. Total sales decreased to $4.6 billion from $4.8 billion, with comparable store sales down 7%. For the first half of 2022, EPS was $2.08 on $8.9 billion in sales. The company anticipates declining same-store sales for the second half and has adjusted its EPS guidance for the year to $3.84 to $4.12, down from $4.87 in 2021. CEO Barbara Rentler highlighted inflationary pressures and a promotional retail environment as key challenges.
Ross Stores, Inc. (NASDAQ: ROST) announced a quarterly cash dividend of $0.31 per share, payable on September 30, 2022 to stockholders of record as of September 6, 2022. The company reported fiscal 2021 revenues of $18.9 billion and operates 1,669 Ross locations and 311 dd’s DISCOUNTS stores across the U.S., offering significant savings on name-brand apparel and home fashions.
Ross Stores, Inc. (NASDAQ: ROST) is set to announce its second quarter 2022 earnings results on August 18, 2022, at 4:00 p.m. Eastern time. Interested parties can listen to the live conference call starting at 4:15 p.m. Eastern time on the company’s website. A recorded version will be available until August 25, 2022. In fiscal 2021, Ross reported revenues of $18.9 billion and operates the largest off-price apparel chain in the U.S., offering substantial savings of 20% to 60% off regular prices.
Ross Stores announced the opening of 29 new locations, including 21 Ross Dress for Less and 8 dd's DISCOUNTS stores across 12 states in June and July 2022. This expansion aligns with the company's plan to add around 100 new stores in fiscal 2022, comprising 75 Ross and 25 dd's DISCOUNTS. Currently, Ross operates a total of 1,980 stores across 40 states, aiming to grow to at least 2,900 Ross and 700 dd's locations over time. The company’s fiscal 2021 revenue reached $18.9 billion.
FAQ
What is the current stock price of Ross Stores (ROST)?
What is the market cap of Ross Stores (ROST)?
