Ross Stores Inc - ROST STOCK NEWS

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) 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.

02/20/2024 04:01 PM

News

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

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Ross Stores, Inc. (ROST) is set to announce its Q4 and fiscal 2023 earnings on March 5, 2024. The earnings call will be available via webcast and telephone recording.

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01/31/2024 04:15 PM

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

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Ross Stores, Inc. (NASDAQ: ROST) has promoted Karen Fleming to President and Chief Merchandising Officer of dd’s DISCOUNTS, effective April 1, 2024. She will report directly to the CEO and be responsible for directing all aspects of merchandising. Brian Morrow, the current President, will transition to a consultant role. Ms. Fleming has almost 20 years of merchandise leadership roles in several businesses at Ross Dress for Less and has been with dd’s buying organization since 2022. Since September 2023, she served as Group Executive Vice President of Merchandising, dd’s. The CEO expressed confidence in Karen's ability to contribute to the long-term growth of dd’s DISCOUNTS.

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11/16/2023 04:01 PM

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Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter Guidance

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Ross Stores, Inc. (NASDAQ: ROST) reported strong third-quarter results, with earnings per share of $1.33, up from $1.00 last year. Net income rose to $447 million from $342 million, and sales for the quarter were $4.9 billion, with a 5% increase in comparable store sales. For the first nine months of 2023, earnings per share were $3.74 on net earnings of $1.3 billion, and sales were $14.4 billion, with comparable store sales up 4% over the prior year. The company also provided guidance for the fourth quarter and fiscal 2023, expecting same store sales to be up 1% to 2% and earnings per share for the 14 weeks ending February 3, 2024 to be in the range of $1.56 to $1.62.

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11/15/2023 06:00 PM

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Ross Stores Announces Quarterly Dividend

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Ross Stores, Inc. (NASDAQ: ROST) Declares $0.335 Quarterly Cash Dividend

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11/02/2023 04:01 PM

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Ross Stores Announces Third Quarter 2023 Earnings Release and Conference Call

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Ross Stores, Inc. (NASDAQ: ROST) will release its Q3 2023 earnings results on November 16, 2023, at 4:00 p.m. ET. A real-time audio webcast of the conference call will be available on the company's website. A recorded version of the call will also be accessible via telephone recording until November 24, 2023.

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10/11/2023 04:15 PM

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Ross Stores Appoints Stephen Brinkley as President, Operations

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Ross Stores, Inc. announces the appointment of Stephen Brinkley as President, Operations.

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10/11/2023 08:30 AM

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ROSS STORES OPENS 51 NEW LOCATIONS

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Ross Stores completes 2023 store growth plans

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09/21/2023 08:30 AM

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dd's DISCOUNTS to Open a New Store in Dallas, Texas

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dd's DISCOUNTS, a division of Ross Stores, will open a new store in Dallas on September 23, 2023.

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09/07/2023 08:30 AM

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Ross Dress for Less to Open a New Store in North Richland Hills, Texas

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Ross Dress for Less announces the opening of a new store in North Richland Hills on October 7, 2023.

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09/05/2023 08:30 AM

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Ross Dress for Less to Open a New Store in Phoenix, Arizona

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Ross Dress for Less will open a new store in Phoenix on October 7, 2023.

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FAQ

What is the current stock price of Ross Stores (ROST)?

The current stock price of Ross Stores (ROST) is $142.96 as of November 21, 2024.

What is the market cap of Ross Stores (ROST)?

The market cap of Ross Stores (ROST) is approximately 47.2B.

What does Ross Stores, Inc. do?

Ross Stores, Inc. operates as an off-price apparel and accessories retailer with a focus on providing significant discounts on brand-name merchandise.

How many stores does Ross Dress for Less operate?

Ross Dress for Less operates over 1,250 stores across 33 states, the District of Columbia, and Guam.

What is the business model of Ross Stores?

Ross Stores capitalizes on excess brand-name merchandise from manufacturing overruns and retail liquidations, offering them at 20%-60% off the original retail prices.

Who are the primary customers of Ross Stores?

Ross Dress for Less targets middle-income consumers in suburban regions, while DD's Discounts caters to lower-income shoppers.

How does Ross Stores keep prices low?

The company maintains low operational costs and passes these savings on to customers, ensuring competitive prices on brand-name merchandise.

What are DD's Discounts?

DD's Discounts is a retail chain operated by Ross Stores, Inc., targeting lower-income shoppers with a variety of discounted, brand-name merchandise.

How has Ross Stores performed financially in recent years?

Ross Stores has seen consistent sales growth, consistently outperforming traditional retailers over the past three years.

Where can I find more information about Ross Stores?

You can visit the official websites at www.rossstores.com and www.ddsdiscounts.com for more details.

What is the significance of Ross Stores' treasure hunt shopping experience?

The treasure hunt experience is created by a vast array of stock-keeping units with minimal product depth, making each shopping visit unique and exciting.