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. (NASDAQ: ROST) announced the closing of its public offering of $500 million in 0.875% senior notes due 2026 and $500 million in 1.875% senior notes due 2031 on October 21, 2020. The company raised approximately $987.2 million in net proceeds to fund the early settlement of pending tender offers. The early settlement on October 22, 2020, involved purchasing senior notes totaling $999,998,614, reaching the Aggregate Tender Cap of $1 billion. No additional senior notes will be accepted for purchase in the tender offers.
Ross Stores, Inc. (NASDAQ: ROST) announced the pricing of a public offering of $500 million in senior notes, split between $500 million due in 2026 at 0.875% interest and $500 million due in 2031 at 1.875%. The net proceeds will be used to repurchase outstanding senior notes ahead of previously announced tender offers, aiming to improve financial leverage. The offering is set to close on October 21, 2020, subject to conditions. The notes offering was executed under an effective registration statement with the SEC.
Ross Stores, Inc. (ROST) announced Reference Yields for its cash tender offers, increasing the Aggregate Tender Cap to $1 billion from $800 million. The Tender Offers aim to purchase senior notes listed in a priority table, with a total principal amount of up to $1 billion. The offers will expire on October 29, 2020. Key details include the Total Consideration based on Fixed Spread and Reference Yield for each series. No minimum tender condition is specified, and the company can waive or adjust terms as necessary. Investors can find more details in the Offer to Purchase document.
Ross Stores (NASDAQ: ROST) has announced the early tender results of its cash Tender Offers, now with an increased Aggregate Tender Cap of $1 billion. As of the early tender date on October 15, 2020, valid tenders included senior notes due 2024 to 2050, with varying principal amounts tendered. The Tender Offers allow for the purchase of up to the Aggregate Tender Cap, subject to acceptance priority levels. Investors can expect additional information regarding the total consideration for each series on October 16, 2020. The Offers will expire on October 29, 2020.
Ross Stores, Inc. (NASDAQ: ROST) announced the initiation of tender offers to purchase cash debt securities totaling up to $800 million for various senior notes due between 2024 and 2050. The tender offers will expire on October 29, 2020, with the early tender date set for October 15, 2020. Securities holders must validly tender to receive the total consideration, which includes an early tender payment of $30 per $1,000 principal amount. The company reserves the right to increase the aggregate tender cap, and payment for accepted securities will occur shortly after the expiration date.
Dublin, California -- Ross Stores, Inc. (NASDAQ: ROST) will release its second quarter 2020 earnings results on August 20, 2020, around 4:00 p.m. Eastern time. A conference call will follow at 4:15 p.m. Eastern time, where additional details about the results will be discussed. Investors can access a live audio webcast of the conference call via the company's website. A recorded version will also be available after the call and through a telephone recording service until August 27, 2020.
Ross Stores, Inc. (NASDAQ: ROST) will announce its first quarter 2020 earnings results on May 21, 2020, at approximately 4:00 p.m. Eastern time. A conference call will follow at 4:15 p.m. Eastern time to discuss additional details about the results. Investors can access a real-time audio webcast on the company's website and a recorded version will be available post-call. The telephone recording can be accessed until May 28, 2020.