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Ross Stores, Inc. (NASDAQ: ROST) is a prominent player in the retail industry, renowned for its off-price apparel and accessories. Founded over 30 years ago, the company has evolved from a modest six-store chain into an $11 billion Fortune 500 company. The growth of Ross Stores has been remarkable, with its sales consistently outpacing traditional retailers over the past three years.
Ross Stores operates through two main retail chains: Ross Dress for Less® and DD’s Discounts®. The Ross Dress for Less® brand boasts over 1,250 stores spread across 33 states, the District of Columbia, and Guam. DD’s Discounts® complements this with more than 165 stores in 15 states. The company’s core business model revolves around procuring excess brand-name merchandise from manufacturing overruns and retail liquidations at prices significantly lower than their original retail value, often between 20%-60% off. This allows Ross Stores to offer consumers high-quality goods at reduced prices and creates a unique treasure hunt shopping experience.
The bulk of Ross Stores’ operations under its flagship, Ross Dress for Less, target middle-income consumers in densely populated suburban regions. The firm ensures a diverse array of stock-keeping units with minimal product depth, enhancing the shopping adventure. On the other hand, DD’s Discounts caters to lower-income shoppers with similarly discounted, brand-name merchandise.
Ross Stores’ strategy of cost-efficient operations and continuous expansion has underpinned its financial success. The company keeps operational costs low, passing the savings directly to customers, which has been a significant factor in maintaining its competitive edge. As of now, Ross Stores continues to open new outlets and adapt to market trends, ensuring sustainable growth and customer satisfaction.
For more information, visit the company’s official websites: www.rossstores.com and www.ddsdiscounts.com.
Ross Stores, Inc. (NASDAQ: ROST) will announce its fourth quarter and fiscal 2021 earnings results on Tuesday, March 1, 2022, at approximately 4:00 p.m. Eastern time. A live audio webcast will follow at 4:15 p.m. Eastern time, accessible via the Investors section of its website. Recorded access to the call will be available after the event until March 8, 2022. Ross operates over 1,800 stores across the U.S. and reported $12.5 billion in revenue for fiscal 2020.
Ross Stores, Inc. (NASDAQ: ROST) reported a strong third quarter for fiscal 2021, with earnings per share of $1.09 and net income of $385 million, up from $371 million in 2019. Sales increased by 19% to $4.6 billion, driven by a 14% rise in comparable store sales. Year-to-date, earnings per share rose to $3.82 on $1.4 billion net income. The company plans to buy back $650 million in stock. However, uncertainty looms due to supply chain issues. Projected Q4 sales gains are 7% to 9%, with earnings per share between $0.83 and $0.93.
Ross Stores, Inc. (NASDAQ: ROST) has declared a regular quarterly cash dividend of $0.285 per share, payable on December 31, 2021, to stockholders of record as of December 7, 2021. The company reported fiscal 2020 revenues of $12.5 billion and operates 1,629 Ross Dress for Less locations and 295 dd's DISCOUNTS stores across the U.S., offering significant savings on brand-name apparel and home fashion. This move reflects the company's ongoing commitment to returning income to its shareholders.
Ross Stores, Inc. (NASDAQ: ROST) will announce its third quarter 2021 earnings results on November 18, 2021, at 4:00 p.m. Eastern time. Following the earnings release, the Company will hold a conference call at 4:15 p.m. Eastern time to discuss the results. Interested participants can access the live audio webcast on the Ross Stores Investors section of the Company’s website. A recorded version will be available on the website and via a telephone recording until November 26, 2021.
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.
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