ROST

Ross Stores Reports Results for Fourth Quarter and Fiscal 2023

Retrieved on: 
Tuesday, March 5, 2024
Retail, Discount, Variety, Department Stores, Fashion, ROST, Gasoline, Comparable, PIN, Housing, Ross Stores, Forecasting, Food, Pressure

Fiscal 2023 earnings per share for the 53 weeks ended February 3, 2024 grew to $5.56, up from $4.38 in the 52-week fiscal 2022 year ended January 28, 2023.

Key Points: 
  • Fiscal 2023 earnings per share for the 53 weeks ended February 3, 2024 grew to $5.56, up from $4.38 in the 52-week fiscal 2022 year ended January 28, 2023.
  • Net earnings for fiscal 2023 were $1.9 billion on sales of $20.4 billion, up from net earnings of $1.5 billion in fiscal 2022 on sales of $18.7 billion.
  • The sales results for both the 2023 fourth quarter and fiscal year included a $308 million benefit from the 53rd week.
  • Barbara Rentler, Chief Executive Officer, commented, “We are pleased with our fourth quarter sales and earnings results that were well ahead of our expectations.

Ross Stores Announces Fourth Quarter and Fiscal 2023 Earnings Release and Conference Call

Retrieved on: 
Tuesday, February 20, 2024
Jewelry, Other Retail, Manufacturing, Luxury, Discount, Variety, Department Stores, Fashion, Retail, Textiles, Home Goods, Footwear, ROST, Ross Stores, Telephone

Ross Stores, Inc. (NASDAQ: ROST) plans to release its fourth quarter and fiscal 2023 earnings results on Tuesday, March 5, 2024 at approximately 4:00 p.m. Eastern Time.

Key Points: 
  • Ross Stores, Inc. (NASDAQ: ROST) plans to release its fourth quarter and fiscal 2023 earnings results on Tuesday, March 5, 2024 at approximately 4:00 p.m. Eastern Time.
  • Participants may listen to a real-time audio webcast of the conference call on Tuesday, March 5, 2024 at 4:15 p.m. Eastern Time by visiting the Investors section of the Company’s website located at www.rossstores.com .
  • A recorded version of the call will also be available at the website address, as well as via a telephone recording at 201-612-7415, Passcode #13744604, through 8:00 p.m. Eastern Time on March 12, 2024.

Ross Stores Appoints Karen Fleming President and Chief Merchandising Officer of dd’s DISCOUNTS

Retrieved on: 
Wednesday, January 31, 2024
Home Goods, Fashion, Discount, Variety, Retail, Department Stores, Less, Growth, Ross Stores, ROST

Ross Stores, Inc. (NASDAQ: ROST) announced today that Karen Fleming has been promoted to President and Chief Merchandising Officer, dd’s DISCOUNTS effective April 1, 2024.

Key Points: 
  • Ross Stores, Inc. (NASDAQ: ROST) announced today that Karen Fleming has been promoted to President and Chief Merchandising Officer, dd’s DISCOUNTS effective April 1, 2024.
  • Ms. Fleming will report directly to Barbara Rentler, the Company’s Chief Executive Officer and be responsible for directing all aspects of merchandising at dd’s DISCOUNTS.
  • Brian Morrow, current President and Chief Merchandising Officer of dd’s will transition to a consultant role upon Ms. Fleming’s promotion.
  • Since September 2023, she served as Group Executive Vice President of Merchandising, dd’s.

Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter Guidance

Retrieved on: 
Thursday, November 16, 2023
Footwear, Retail, Discount, Variety, Department Stores, Home Goods, Food, Beverage, PIN, ROST, Ross Stores, Face, Forecasting

Sales for the 2023 third quarter were $4.9 billion, up from $4.6 billion in the prior year, with a comparable store sales gain of 5%.

Key Points: 
  • Sales for the 2023 third quarter were $4.9 billion, up from $4.6 billion in the prior year, with a comparable store sales gain of 5%.
  • Sales for the first nine months of 2023 were $14.4 billion, with comparable store sales up 4% over the prior year.
  • In addition, we are up against our most difficult quarterly sales comparisons versus 2022 in the fourth quarter.
  • This guidance range includes an approximate $0.02 per share unfavorable impact from the timing of expenses that benefited the third quarter.

Ross Stores Announces Quarterly Dividend

Retrieved on: 
Wednesday, November 15, 2023
Fashion, Retail, Ross Stores, ROST, Holding company

Ross Stores, Inc. (NASDAQ: ROST) announced today that the Company’s Board of Directors declared a regular quarterly cash dividend of $0.335 per common share, payable on December 29, 2023 to stockholders of record as of December 5, 2023.

Key Points: 

Ross Stores, Inc. (NASDAQ: ROST) announced today that the Company’s Board of Directors declared a regular quarterly cash dividend of $0.335 per common share, payable on December 29, 2023 to stockholders of record as of December 5, 2023.

Ross Stores Announces Third Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Thursday, November 2, 2023
Retail, Discount, Variety, Fashion, ROST, Telephone, Ross Stores, Broadcasting

Ross Stores, Inc. (NASDAQ: ROST) plans to release its third quarter 2023 earnings results on Thursday, November 16, 2023 at approximately 4:00 p.m. Eastern Time.

Key Points: 
  • Ross Stores, Inc. (NASDAQ: ROST) plans to release its third quarter 2023 earnings results on Thursday, November 16, 2023 at approximately 4:00 p.m. Eastern Time.
  • Participants may listen to a real-time audio webcast of the conference call on Thursday, November 16, 2023 at 4:15 p.m. Eastern Time by visiting the Investors section of the Company’s website located at www.rossstores.com .
  • A recorded version of the call will also be available at the website address, as well as via a telephone recording at 201-612-7415, Passcode #13742208, through 8:00 p.m. Eastern Time on November 24, 2023.

Ross Stores Appoints Stephen Brinkley as President, Operations

Retrieved on: 
Wednesday, October 11, 2023
Footwear, Retail, Discount, Variety, Other Retail, Department Stores, Home Goods, Sport Chek, Ross Stores, Save, Family, Human resources, ROST, Fortune 500, Titan Tire Corporation, Real estate development, Marketing, First Quality, Canadian Tire, News, Supply chain, Department store

Ross Stores, Inc. (NASDAQ: ROST) announced today that Stephen Brinkley, 50, has been named to the newly-created position of President, Operations with an expected start date of October 30, 2023.

Key Points: 
  • Ross Stores, Inc. (NASDAQ: ROST) announced today that Stephen Brinkley, 50, has been named to the newly-created position of President, Operations with an expected start date of October 30, 2023.
  • In his new role, Mr. Brinkley will report to Michael Hartshorn, Group President and Chief Operating Officer.
  • His responsibilities will include Property Development, Stores, and Supply Chain.
  • In commenting on this news, Mr. Hartshorn said, “We are delighted to have Stephen join our senior management team.

ROSS STORES OPENS 51 NEW LOCATIONS

Retrieved on: 
Wednesday, October 11, 2023
Family, Ross Stores, ROST, Fortune 500, Less, Real estate development, First Quality, European Conservatives and Reformists Group Executive, Department store

DUBLIN, Calif., Oct. 11, 2023 /PRNewswire/ -- Ross Stores recently opened 43 Ross Dress for Less® and eight dd's DISCOUNTS® stores across 22 different states in September and October. These new locations complete the Company's store growth plans for fiscal 2023, with the addition of 97 new locations. 

Key Points: 
  • DUBLIN, Calif., Oct. 11, 2023 /PRNewswire/ -- Ross Stores recently opened 43 Ross Dress for Less® and eight dd's DISCOUNTS® stores across 22 different states in September and October.
  • These new locations complete the Company's store growth plans for fiscal 2023, with the addition of 97 new locations.
  • Together, Ross Dress for Less and dd's DISCOUNTS currently operate a total of 2,112 locations in 43 states, the District of Columbia, and Guam.
  • Currently, the Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,765 locations in 43 states, the District of Columbia, and Guam.

Ross Stores Announces Changes to Its Board Leadership

Retrieved on: 
Thursday, August 31, 2023
Fashion, Other Retail, Discount, Variety, Retail, Department Stores, Lead, Executive, Federal Retirement Thrift Investment Board, ROST, Fortune 500, Schonfeld Strategic Advisors, Growth, Family, Ross Stores, First Quality, Management

Ross Stores, Inc. (Nasdaq: ROST) announced today that its Board of Directors has approved the following changes to its Board leadership and composition effective September 1, 2023:

Key Points: 
  • Ross Stores, Inc. (Nasdaq: ROST) announced today that its Board of Directors has approved the following changes to its Board leadership and composition effective September 1, 2023:
    George P. Orban will step down as Chairman of the Board while continuing to serve as an independent Director.
  • Michael Balmuth, currently Strategic Advisor to the Company, will return to the Executive Chairman of the Board role.
  • Also, on behalf of the entire Board, we are delighted that Michael Balmuth has agreed to become Executive Chairman of the Board.
  • He previously served as Chairman of the Board from 2014 to 2021, including Executive Chairman to 2019 before transitioning into an advisory role.

Ross Stores Reports Second Quarter Earnings

Retrieved on: 
Thursday, August 17, 2023
Fashion, Footwear, Retail, Discount, Variety, Department Stores, Home Goods, Growth, ROST, PIN, Ross Stores, Face, Comparable, Music, Video game

Sales for the second quarter of 2023 were $4.9 billion versus $4.6 billion in the prior year period.

Key Points: 
  • Sales for the second quarter of 2023 were $4.9 billion versus $4.6 billion in the prior year period.
  • Barbara Rentler, Chief Executive Officer, commented, “We are pleased with our second quarter results, with both sales and earnings well above our expectations.
  • Second quarter operating margin was flat to last year at 11.3%.”
    She continued, “During the second quarter, we repurchased 2.2 million shares of common stock for an aggregate price of $230 million.
  • However, given our improved second quarter performance, we are raising our second half sales and earnings outlook.