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.
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.
Ross Stores, Inc. (NASDAQ: ROST) reported Q1 2022 EPS of $0.97, down from $1.34 in Q1 2021, with net earnings at $338 million compared to $476 million the previous year. Sales decreased to $4.3 billion, a 4% decline, and comparable store sales fell 7%. The CEO cited external pressures, including inflation exacerbated by the Russia-Ukraine conflict. For Q2 2022, EPS is projected between $0.99 and $1.07, down from $1.39 last year, and full-year EPS is forecasted at $4.34 to $4.58, compared to $4.87 in 2021.
Ross Stores, Inc. (NASDAQ: ROST) declared a quarterly cash dividend of $0.31 per share, payable on June 30, 2022, to stockholders on record as of June 7, 2022. The company reported fiscal 2021 revenues of $18.9 billion. Operating 1,648 locations of Ross Dress for Less and 303 dd's DISCOUNTS stores across the U.S., Ross provides significant savings on name-brand apparel and home fashions, typically ranging from 20% to 60% off regular prices. The store chain continues to establish its presence as a leader in off-price retail.
Ross Stores, Inc. (NASDAQ: ROST) is set to release its first quarter 2022 earnings results on May 19, 2022, at approximately 4:00 p.m. Eastern time. An audio webcast of the earnings call will occur at 4:15 p.m. Eastern time on the same day. The company reported fiscal 2021 revenues of $18.9 billion, and operates the largest off-price apparel and home fashion chain in the United States, with substantial savings on brand-name products. Members of the public can access the earnings call via the company's website.
Ross Stores announced the opening of 22 Ross Dress for Less and eight dd's DISCOUNTS stores in February and March 2022. This expansion is part of the company's plan to add approximately 100 new stores during fiscal 2022, including 75 Ross and 25 dd's DISCOUNTS locations. Gregg McGillis, Executive VP, indicated that Ross aims for 2,900 stores and dd's DISCOUNTS for 700 stores due to rising consumer demand for value. Currently, Ross operates 1,952 locations across 40 states and Guam, with fiscal 2021 revenues of $18.9 billion.
Ross Stores reported Q4 earnings per share of $1.04 and net income of $367 million, down from $1.28 and $456 million in 2020. Sales reached $5.0 billion, with a 9% rise in comparable store sales versus 2019. For fiscal 2021, EPS was $4.87, with total sales growing 18% to $18.9 billion. The Board authorized a $1.9 billion stock repurchase and increased the quarterly dividend by 9% to $0.31. However, 2022 guidance indicates flat to 3% sales growth, with EPS projected between $4.71 and $5.12.
Ross Stores, Inc. (NASDAQ: ROST) will announce its fourth quarter and fiscal 2021 earnings results on Tuesday, March 1, 2022, at approximately 4:00 p.m. Eastern time. A live audio webcast will follow at 4:15 p.m. Eastern time, accessible via the Investors section of its website. Recorded access to the call will be available after the event until March 8, 2022. Ross operates over 1,800 stores across the U.S. and reported $12.5 billion in revenue for fiscal 2020.
Ross Stores, Inc. (NASDAQ: ROST) reported a strong third quarter for fiscal 2021, with earnings per share of $1.09 and net income of $385 million, up from $371 million in 2019. Sales increased by 19% to $4.6 billion, driven by a 14% rise in comparable store sales. Year-to-date, earnings per share rose to $3.82 on $1.4 billion net income. The company plans to buy back $650 million in stock. However, uncertainty looms due to supply chain issues. Projected Q4 sales gains are 7% to 9%, with earnings per share between $0.83 and $0.93.
Ross Stores, Inc. (NASDAQ: ROST) has declared a regular quarterly cash dividend of $0.285 per share, payable on December 31, 2021, to stockholders of record as of December 7, 2021. The company reported fiscal 2020 revenues of $12.5 billion and operates 1,629 Ross Dress for Less locations and 295 dd's DISCOUNTS stores across the U.S., offering significant savings on brand-name apparel and home fashion. This move reflects the company's ongoing commitment to returning income to its shareholders.
Ross Stores, Inc. (NASDAQ: ROST) will announce its third quarter 2021 earnings results on November 18, 2021, at 4:00 p.m. Eastern time. Following the earnings release, the Company will hold a conference call at 4:15 p.m. Eastern time to discuss the results. Interested participants can access the live audio webcast on the Ross Stores Investors section of the Company’s website. A recorded version will be available on the website and via a telephone recording until November 26, 2021.