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, Inc. announced the opening of 28 new locations, including 18 Ross Dress for Less® stores and 10 dd's DISCOUNTS® stores across 15 states in September and October. This expansion completes their fiscal 2021 goal of adding 65 new stores. The company currently operates 1,924 off-price apparel and home fashion stores in 40 states, with plans to grow to at least 2,400 Ross locations and 600 dd's DISCOUNTS over time. Ross generated $12.5 billion in fiscal 2020 revenue, solidifying its position as the largest off-price apparel chain in the U.S.
Ross Stores, Inc. (NASDAQ: ROST) has announced the promotion of Adam Orvos to Executive Vice President and Chief Financial Officer, effective October 1, 2021. Orvos, who joined the company in January 2021, brings over 34 years of retail management experience, having previously served as CFO for several major retailers. CEO Barbara Rentler expressed confidence in Orvos's leadership, citing his extensive financial management and operational expertise as vital for the company's future. Ross Stores reported $12.5 billion in fiscal 2020 revenues and operates numerous Ross Dress for Less and dd’s DISCOUNTS locations.
Ross Stores, Inc. (NASDAQ: ROST) reported Q2 2021 earnings per share of $1.39, a 22% increase from $1.14 in 2019, driven by net income of $494 million. Sales rose 21% to $4.8 billion, with comparable store sales up 15%. For the first half of 2021, EPS was $2.73, up from $2.29, as sales reached $9.3 billion. The company forecasts Q3 same store sales growth of 5% to 7% and updated FY 2021 EPS guidance to $4.20 to $4.38. CEO Barbara Rentler highlighted uncertainties from COVID variants and supply chain issues impacting future performance.
Ross Stores, Inc. (NASDAQ: ROST) declared a quarterly cash dividend of $0.285 per share, payable on September 30, 2021 to stockholders of record as of September 7, 2021. The company, a member of the S&P 500 and Fortune 500, reported fiscal 2020 revenues of $12.5 billion. Ross operates 1,611 Ross Dress for Less locations and 285 dd's DISCOUNTS stores, offering significant savings on name-brand apparel and home fashions, typically at discounts of 20% to 70% off regular prices.
Ross Stores, Inc. (NASDAQ: ROST) is set to unveil its second quarter 2021 earnings results on August 19, 2021, at approximately 4:00 p.m. Eastern time. Following the earnings release, the company will conduct a conference call at 4:15 p.m. Eastern time to discuss the results. Investors can access a real-time audio webcast of the call on the company’s website. A recorded version will be available afterward, along with a telephone recording until August 26, 2021.
Ross Stores opened 30 new locations, including 22 Ross Dress for Less and 8 dd's DISCOUNTS stores, across 11 states in June and July 2021. This expansion is part of their plan to add approximately 60 new stores in fiscal 2021. The company aims to grow to 2,400 Ross and 600 dd's DISCOUNTS locations long-term. Currently, Ross operates 1,896 locations in 40 states, generating fiscal 2020 revenues of $12.5 billion. The brand emphasizes significant savings of 20% to 70% off regular prices.
Ross Stores, Inc. (NASDAQ: ROST) announced the immediate resignation of Travis Marquette, CFO since 2019, who is leaving for another company. During the transition, senior Finance executives will report to Michael Hartshorn, Group President and COO, until new leadership is appointed. CEO Barbara Rentler expressed gratitude for Marquette's contributions and confidence in the existing Finance team to continue driving profitable growth. Ross operates 1,589 Ross Dress for Less® locations and 285 dd’s DISCOUNTS® stores, offering significant savings on in-season, name-brand products.
Ross Stores (NASDAQ: ROST) reported a 17% increase in earnings per share to $1.34 for the 13 weeks ending May 1, 2021, with net income of $476 million, compared to $421 million in the same period of 2019. Sales reached $4.5 billion, driven by a 13% rise in comparable store sales. The company announced a $1.5 billion stock repurchase program, allocating $650 million for 2021. Looking ahead, ROST forecasts a 5% to 7% increase in same-store sales for the 13 weeks ending July 31, 2021, and expects EPS between $0.80 and $0.89, reflecting ongoing cost pressures.
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.