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. (NASDAQ: ROST) operates as a leading off-price retailer offering branded apparel, accessories, and home goods through its Ross Dress for Less and dd's DISCOUNTS banners. This page provides investors and stakeholders with a centralized hub for official corporate announcements, financial disclosures, and strategic developments.
Access timely updates on quarterly earnings, store expansions, leadership changes, and supply chain initiatives. Our curated news collection enables efficient tracking of ROST's performance in the competitive discount retail sector, including merchandise procurement strategies and consumer demand trends.
Key categories include earnings call transcripts, SEC filings, partnership announcements, and operational updates. Bookmark this page to monitor how Ross Stores maintains its market position through opportunistic inventory purchasing and cost-conscious retail practices while serving value-focused consumers nationwide.
Ross Stores (NASDAQ: ROST) has announced its plans to release second quarter 2024 earnings results on Thursday, August 22, 2024 at approximately 4:00 p.m. Eastern time. A real-time audio webcast of the conference call will be available at 4:15 p.m. Eastern time on the same day. Investors can access the webcast through the company's website at www.rossstores.com. A recorded version will also be available online and via telephone until August 29, 2024.
Ross Stores, an S&P 500, Fortune 500, and Nasdaq 100 company, reported fiscal 2023 revenues of $20.4 billion. The company operates 1,795 Ross Dress for Less® locations across 43 states, offering name brand apparel and home fashions at 20% to 60% off regular prices. Additionally, Ross operates 353 dd's DISCOUNTS® stores in 22 states, providing similar products at 20% to 70% off regular prices.
Ross Stores (NASDAQ: ROST) has expanded its retail footprint with the opening of 24 new locations across 17 states in June and July 2024. This expansion includes 21 Ross Dress for Less® and three dd's DISCOUNTS® stores, aligning with the company's fiscal 2024 plan to add approximately 90 new stores. The expansion strengthens Ross's presence in existing markets and extends into newer territories such as Michigan, Minnesota, and New York.
Richard Lietz, Executive VP of Property Development, expressed confidence in the company's long-term growth strategy, aiming to reach at least 2,900 Ross Dress for Less and 700 dd's DISCOUNTS locations. Currently, Ross Stores operates a total of 2,148 stores across 43 states, DC, and Guam, with fiscal 2023 revenues of $20.4 billion.
Ross Dress for Less is set to open a new store in Athens, Alabama, on July 20, 2024. The 18,000 square foot store will be located in the Athens Marketplace Shopping Center. This expansion is part of Ross Stores, which operates over 2,100 off-price apparel and home fashion stores in 43 states, the District of Columbia, and Guam. Ross Stores reported fiscal 2023 revenues of $20.4 billion. As a leading off-price retailer, Ross offers significant savings on brand-name apparel and home goods. The company also runs dd's DISCOUNTS, offering moderately-priced merchandise with discounts up to 70% off regular prices.
Ross Stores (NASDAQ: ROST) reported its first quarter earnings for the 13 weeks ending May 4, 2024, with earnings per share (EPS) of $1.46 and net earnings of $488 million. This marks a significant increase compared to the previous year's EPS of $1.09 and net income of $371 million. The company's sales grew by 8% to $4.9 billion, and comparable sales rose by 3%.
The operating margin improved to 12.2%, up from 10.1% in the last year's first quarter, attributed to lower distribution, incentive, and freight costs. Ross Stores repurchased 1.9 million shares for $262 million under a new $2.1 billion buyback authorization approved in March 2024.
Looking ahead, Ross Stores forecasts comparable store sales to rise 2% to 3% for the second quarter ending August 3, 2024, with EPS projected to be between $1.43 to $1.49. For fiscal 2024, EPS is expected to range from $5.79 to $5.98, up from $5.56 in fiscal 2023.
Ross Stores (NASDAQ: ROST) announced a regular quarterly cash dividend of $0.3675 per common share, payable on June 28, 2024, to stockholders of record as of June 11, 2024.
Ross Stores operates the largest off-price apparel and home fashion chain in the U.S. with 1,775 Ross Dress for Less locations and 352 dd’s DISCOUNTS stores. The company reported fiscal 2023 revenues of $20.4 billion. Ross offers name brand and designer products at discounts of 20% to 70% off regular prices.
Ross Stores, Inc. (NASDAQ: ROST) will announce its first quarter 2024 earnings on May 23, 2024. The company, with fiscal 2023 revenues of $20.4 billion, operates Ross Dress for Less and dd's DISCOUNTS stores across the US.
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