Ross Stores news and archive

Ross Stores Q3 comparable sales increase 3 percent

American off-price retailer Ross Stores said on Tuesday its Q3 revenue for 2018 increased by 7 percent, while comparable store sales were up 3 percent. Profit increased by 23.4 percent from the same period last year. The company’s sales in Q3 2018 were 3.5 billion US dollars, up from 3.3 billion US dollars a year earlier. Net earnings increased...

Business|ANALYSIS

Consensus analyst annual sales forecast for Ross Stores: 14.95 billion dollars in FY18

New York - On average, brokerages expect Ross Stores, Inc. (NASDAQ:ROST) to report full-year sales of 14.95 billion dollars for the current year, with estimates ranging from 14.84 billion dollars to 15.25 billion. According to Zacks, for the next year, analysts anticipate that the business will report sales of 15.89 billion dollars. It’s worth...

Report|ANALYSIS

Consensus analyst annual sales forecast for Ross Stores: 14.95 billion dollars in FY18

Management

Ross Stores Q2 revenues jump 9 percent

American off-price retailer Ross Stores said on Thursday its Q2 revenue for 2018 increased by 9 percent, while net earnings rose by 23.1 percent from the same period last year. For the six month period, the company's sales rose 9 percent to 7.3 billion dollars and net earning were 808 million dollars compared to 638 million dollars last year....

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Ross Stores declares quarterly dividend

The board of directors of Ross Stores, Inc. has declared a regular quarterly cash dividend of 0.225 dollar per common share, payable on September 28, 2018 to stockholders of record as of September 13, 2018. Headquartered in Dublin, California, Ross Stores operates Ross Dress for Less with 1,453 locations in 38 states, the District of Columbia,...

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Ross Stores Q1 profits rise 30.2 percent

American off-price retailer Ross Stores said on Thursday its Q1 net profit for 2018 rose. Revenues increased by 8.6 percent from the same period last year. The company’s net profit for Q1 2018 was 418 million US dollars, up from 321 million US dollars a year earlier. Revenues rose to 3589 million US dollars. The profit margin of the company rose...

Business|IN DEPTH Featured

A closer look at the fashion companies that made this year’s Fortune 500 list

Walmart has topped Fortune magazine’s list of the 500 most valuable companies in the US once more. 16 other fashion retailers have also made the list, but none of them are newcomers. FashionUnited takes a closer look at the most recent developments to stem from these companies. Walmart - 1 Several businesses are being removed from Walmart’s...

ManagementFeatured

Ross Stores posts rise in sales and earnings

Ross Stores, Inc. reported earnings per share for the 14 weeks ended February 3, 2018 of 1.19 dollars, up from 0.77 dollar in the 13 weeks ended January 28, 2017. Net earnings for the period were 451 million dollars compared to 301 dollars million in the 13 weeks period last year. Sales for the quarter were up 16 percent to 4.1 billion dollars,...

Retail

Ross Dress for Less to open new store bringing total count to almost 300

Ross Dress for Less just confirmed a new store opening in Rosemead. The store will open next month on March 10 at the Rosemead Place Shopping Center. The new store will boast 24,713 square feet total. With this store opening, Ross Dress for Less will have a store count of 292 in California. Together with DD's Discounts, the two companies operate...

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Ross Stores reports upbeat Q3, earnings rise 16 percent

Ross Stores reported earnings per share for the third quarter ended October 28, 2017 of 0.72 dollar, a 16 percent increase from 0.62 dollar last year. Net earnings grew to 274 million dollars, up from 245 million dollars in the prior year. The company’s third quarter sales rose 8 percent to 3.3 billion dollars, with comparable store sales up 4...

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Ross Stores' Q2 earnings surge 15 percent

Ross Stores reported earnings per share for the second quarter ended July 29, 2017 of 0.82 dollar, up 15 percent from 0.71 dollar last year. The company’s net earnings grew to 317 million dollars, compared to 282 million dollars in the prior year. Sales rose 8 percent to 3.432 billion dollars, with comparable store sales up 4 percent on top of 4...

RetailFeatured

Ross Stores opens 28 new locations

Ross Stores has announced the recent opening of 21 Ross Dress for Less and seven dd's Discounts stores across 15 different states in June and July. These new locations are part of the company's plan to add approximately 70 Ross and 20 dd's locations in 2017. "With this opening group, we continued to expand Ross and dd's in both new and existing...