Ross Stores Stock Price, News & Analysis

Ross Stores, Inc. (NASDAQ: ROST) declared a quarterly cash dividend of $0.285 per common share, payable on June 30, 2021, to stockholders of record as of June 8, 2021.

With fiscal 2020 revenues of $12.5 billion, Ross operates the largest off-price apparel and home fashion chain in the U.S., with 1,589 locations. The Company also runs 277 dd’s DISCOUNTS stores, offering significant savings on first-quality, in-season products.

Ross Stores, Inc. (NASDAQ: ROST) will announce its Q1 2021 earnings on May 20, 2021, at approximately 4:00 p.m. Eastern time. A conference call will follow at 4:15 p.m. Eastern time to discuss the results. Investors can access the audio webcast via the company's website. A recording will be available until May 27, 2021, at 8:00 p.m. Eastern time via the website and telephone at 404-537-3406.

Ross Stores, Inc. (NASDAQ: ROST) has announced leadership changes in its Board of Directors that will take effect after the Annual Stockholders Meeting on May 19, 2021. George Orban is set to be appointed as Chairman, while Barbara Rentler will become Vice Chair. Michael Hartshorn has been elected to the Board as of March 10, 2021. Current Chairman Michael Balmuth and Chairman Emeritus Norman Ferber will not seek re-election but will continue as senior advisors. These leadership shifts are expected to leverage extensive retail experience for the benefit of stockholders.

Ross Stores announced the opening of four Ross Dress for Less and three dd's DISCOUNTS locations across five states in February and March 2021. This initiative is part of a broader plan to open approximately 60 new stores in fiscal 2021, including 40 Ross and 20 dd's DISCOUNTS locations. Currently, the company operates a total of 1,866 stores across 40 states, with a long-term goal of reaching 2,400 Ross and 600 dd's DISCOUNTS locations. Fiscal 2020 revenues were reported at $12.5 billion.

Ross Stores, Inc. (NASDAQ: ROST) has appointed Doniel Sutton to its Board of Directors, effective March 11, 2021. Sutton brings over 20 years of experience in human capital leadership, having served as Chief People Officer at Fastly and held senior roles at PayPal, Prudential, Bank of America, and Honeywell. Michael Balmuth, Chairman of Ross Stores, expressed confidence in Sutton's capabilities to enhance the company’s people strategy and overall shareholder value. The company reported fiscal 2020 revenues of $12.5 billion and operates 1,585 Ross and 274 dd's DISCOUNTS locations.

Ross Stores, Inc. (NASDAQ: ROST) reported Q4 2020 earnings of $238 million, or $0.67 per share, with sales of $4.2 billion, reflecting a 6% drop in comparable store sales due to COVID-19 impacts. Full-year 2020 earnings were $0.24 per share on $12.5 billion in sales, affected by a $240 million one-time charge. The board reinstated a quarterly dividend of $0.285 per share. For Q1 2021, comparable store sales are projected to decline 1%-5%, with EPS guidance of $0.74 to $0.86. Optimism remains for long-term growth with plans to open 60 new locations in 2021.

Ross Stores, Inc. (NASDAQ: ROST) will announce its fourth quarter and fiscal 2020 earnings on March 2, 2021, at approximately 4:00 p.m. Eastern time. Investors can listen to a live audio webcast of the conference call starting at 4:15 p.m. Eastern time on the company's website. A recorded version will be accessible on the site and via telephone until March 9, 2021. This earnings announcement could offer insights into the company's financial performance and future outlook.

Ross Stores, Inc. (NASDAQ: ROST) reported Q3 2020 earnings of $0.37 per share, down from $1.03 in Q3 2019. Net income fell to $131 million, compared to $371 million last year, impacted by a one-time charge of $240 million due to debt refinancing. Sales decreased 2% to $3.8 billion, with comparable store sales down 3%. For the first nine months, the company posted a loss of $(0.43) per share, netting a loss of $153 million, contrasting with a profit of $1.2 billion in 2019. The company maintains strong liquidity of $5.2 billion amid a challenging retail environment.

Ross Stores, Inc. (NASDAQ: ROST) is set to announce its third quarter 2020 earnings results on November 19, 2020, around 4:00 p.m. Eastern time. A conference call will follow at 4:15 p.m. Eastern time, providing further insights into the results. Investors can access the real-time audio webcast on the company's website. A recorded version will be available through November 27, 2020. This upcoming announcement may provide critical insights into the company's financial performance amidst changing retail dynamics.