Ross Stores Stock Price, News & Analysis

Ross Dress for Less has announced the opening of a new store in Fresno, California on March 8, 2025. The 23,000 square foot store will be located in the Sunnyside Country Club Village Shopping Center. This expansion adds to Ross Stores' significant retail presence, which includes over 2,100 off-price apparel and home fashion stores across 43 states, DC, and Guam.

The company, listed as ROST on Nasdaq 100, reported fiscal 2023 revenues of $20.4 billion. Ross Dress for Less, the company's primary brand, offers name brand and designer merchandise at 20% to 60% off department store prices, while their dd's DISCOUNTS chain, operating in 22 states, provides savings of 20% to 70% off moderate department store prices.

Ross Stores (NASDAQ: ROST) has announced a donation of $850,000 to support disaster relief efforts for the California wildfires, partnering with organizations including the American Red Cross, United Way of Greater Los Angeles, and the Los Angeles Regional Food Bank. The company will also facilitate customer donations at its 188 Southern California stores from January 16th through January 26th.

Ross Stores maintains a significant presence in California with nearly 500 Ross Dress for Less and dd's DISCOUNTS locations, along with a major buying office in Los Angeles. The company operates a total of 1,836 Ross Dress for Less locations across 43 states and 356 dd's DISCOUNTS stores in 22 states, offering discounted apparel and home fashions at 20-60% and 20-70% off regular prices respectively. The company reported fiscal 2023 revenues of $20.4 billion.

Ross Stores (ROST) reported Q3 2024 earnings with mixed results. EPS rose to $1.48 from $1.33, while net income increased to $489 million from $447 million year-over-year. Q3 sales reached $5.1 billion, up from $4.9 billion, with comparable store sales growing 1%. Operating margin improved to 11.9% from 11.2%. However, the company expressed disappointment with Q3 sales performance, citing impacts from severe weather and warm temperatures. For Q4 2024, Ross projects comparable store sales growth of 2-3% and updated full-year 2025 EPS guidance to $6.10-$6.17.

Ross Stores (NASDAQ: ROST) has declared a quarterly cash dividend of $0.3675 per common share, payable on December 31, 2024, to stockholders of record as of December 10, 2024. The company, a major off-price retailer, currently operates 1,836 Ross Dress for Less® locations across 43 states, DC, and Guam, and 356 dd's DISCOUNTS® stores in 22 states. Ross Stores reported fiscal 2023 revenues of $20.4 billion, offering brand-name merchandise at 20-60% savings at Ross and 20-70% savings at dd's DISCOUNTS.

Ross Stores (ROST) has scheduled its third quarter 2024 earnings release for Thursday, November 21, 2024, at approximately 4:00 p.m. Eastern time, followed by a conference call at 4:15 p.m. Eastern time. The company operates 1,836 Ross Dress for Less® locations across 43 states and 356 dd's DISCOUNTS® stores in 22 states. Ross Stores reported fiscal 2023 revenues of $20.4 billion. The company offers name brand and designer merchandise at 20% to 60% savings at Ross locations and 20% to 70% savings at dd's DISCOUNTS®.

Proficient Auto Logistics (NASDAQ: PAL) has appointed Brenda Frank to its Board of Directors. Frank currently serves as Group Senior Vice President of Human Resources, Buying Offices at Ross Stores, leading a team of over 80 professionals. She brings extensive experience in human capital management and legal matters, having previously held executive positions at Stericycle and Shred-it. Frank's background includes roles as Chief People Officer at Stericycle and Executive VP of HR, Franchise Relations, General Counsel & Secretary at Shred-it. She holds a J.D. from NYU School of Law and a B.S. in Accounting from SUNY Albany.

Ross Stores (ROST) has appointed James Conroy (54) as its next Chief Executive Officer, effective February 2, 2025. Conroy, who brings over 25 years of retail experience, will initially join as CEO-Elect on December 2, 2024. He previously served as President and CEO of Boot Barn since 2012. Current CEO Barbara Rentler (67) will transition to an advisory role until March 31, 2027, focusing on merchandising strategies. Ross Stores operates 1,836 Ross Dress for Less locations and 356 dd's DISCOUNTS stores, generating fiscal 2023 revenues of $20.4 billion.

Boot Barn Holdings reported Q2 FY2025 financial results and announced CEO transition. Net sales increased 13.7% to $425.8 million, with same-store sales up 4.9%. Net income reached $29.4 million ($0.95 per diluted share), compared to $27.7 million ($0.90 per diluted share) in the prior year. The company opened 15 new stores, reaching 425 locations.

CEO Jim Conroy will step down effective November 22, 2024, to join Ross Stores. John Hazen, current Chief Digital Officer, will become Interim CEO, while Peter Starrett will assume the role of Executive Chairman. For FY2025, Boot Barn projects total sales of $1.874-1.907 billion and plans to open 60 new stores.

Ross Stores, Inc. (Nasdaq: ROST) has completed its 2024 store growth plans by opening 47 new locations across 22 states in September and October. This includes 43 Ross Dress for Less® and four dd's DISCOUNTS® stores. The company added 89 new locations throughout the year, expanding in both existing and newer markets.

Ross Dress for Less added stores in Minnesota, New York, and Pennsylvania, while also increasing its presence in sunbelt states. dd's DISCOUNTS grew its footprint in California, Florida, New Mexico, and Texas. The company now operates a total of 2,192 locations in 43 states, the District of Columbia, and Guam.

Ross Stores aims to grow to at least 2,900 Ross Dress for Less and 700 dd's DISCOUNTS locations over time. The company reported fiscal 2023 revenues of $20.4 billion.