Ross Stores news and archive

Ross Stores records increase in Q3 earnings

Ross Stores earnings per share increased to 1.48 dollars in the third quarter and net income rose to 489 million dollars. Sales for the quarter increased to 5.1 billion dollars, with a comparable store sales gain of 1 percent. For the nine months, earnings per share rose to 4.53 dollars on net earnings of 1.5 billion dollars and sales were 15.2...

People

James Conroy to succeed Barbara Rentler as Ross Stores CEO

Ross Stores has announced today that James Conroy will succeed Barbara Rentler as the company’s new CEO effective February 2, 2025. The company said in a release that Conroy will join the company on December 2, 2024 as chief executive officer elect, when he will also become a member of the board of directors, reporting to executive chairman...

People

Ross Stores announces changes to its merchandising leadership team

Ross Stores has announced merchandising leadership changes that the company believes will strengthen the successful execution of its off-price strategies and drive profitable market share gains over the near and long term. Effective December 1, 2024, the company said, Karen Fleming is promoted to president and chief merchandising officer, Ross...

Business

Ross Stores Q2 earnings up, expects positive trend to continue

Ross Stores earnings per share increased to 1.59 dollars on net income of 527 million dollars for the second quarter. For the six month period, earnings per share rose to 3.05 dollars on net income of 1 billion dollars. Total sales for the quarter increased 7 percent to 5.3 billion dollars with comparable store sales up 4 percent versus last...

Business

Ross Stores Q1 sales and earnings increase

Ross Stores reported earnings per share of 1.46 dollars on net earnings of 488 million dollars for the first quarter. Sales for the quarter grew 8 percent to 4.9 billion dollars, with comparable sales up 3 percent versus last year. Commenting on the first quarter results, Barbara Rentler, chief executive officer of Ross Stores, said: “Though we...

Business

Ross Stores posts Q3 sales and earnings growth

Ross Stores, Inc. reported earnings per share of 1.33 dollars, up from 1 dollar per share for the same period last year. Net income for the quarter also rose to 447 million dollars. For the nine months, earnings per share rose to 3.74 dollars on net earnings of 1.3 billion dollars. Sales for the third quarter rose to 4.9 billion dollars and...

Business

Ross Stores makes changes to board of directors

Ross Stores has announced a number of changes to its board of directors, namely that of its chairman, George Orban’s, exit from the role. Orban will instead continue on as an independent director, a move he cited was linked to “personal reasons”, as noted in his press release statement. Orban added that he planned to stay “actively involved in...

Retail

Ross Stores opens 27 new stores in ambitious expansion plan

Ross Stores has continued with its ongoing expansion plans, recently opening 27 new stores across the US throughout June and July. Among the new openings are 18 Ross Dress for Less locations and nine dd’s Discounts spanning 14 different states. The additional stores bring the company’s retail network to 2,061 locations across 41 states. It...

Business

Barbara Rentler to continue as Ross Stores CEO through January 2026

Ross Stores, Inc. board of directors has approved a new employment agreement with Barbara Rentler, vice chair and chief executive officer, which will now extend through March 31, 2027. The company said in a release that the new agreement provides for Rentler, 65, to continue as CEO through January 31, 2026. By that date, the board expects to...

Business

Ross Stores Q4 earnings improve

Ross Stores, Inc. reported earnings per share for the fourth quarter of 1.31 dollars on net income of 447 million dollars compared to 1.04 dollars on net earnings of 367 million dollars for the same quarter last year. For the 2022 fiscal year earnings per share were 4.38 dollars on net income of 1.5 billion dollars compared to 4.87 dollars per...

Business

Ross Stores reports drop in Q3 earnings

Ross Stores, Inc. reported earnings per share for the third quarter of 1 dollar on net income of 342 million dollars compared to earnings per share of 1.09 dollars on net income of 385 million dollars for the same quarter last year. Sales for the quarter were 4.6 billion dollars, in line with the prior year, with comparable store sales down 3...

Retail

Ross Stores opens 40 new locations, hitting annual target

US retailer Ross Stores has hit its full-year target of opening 99 new locations. It comes after the company announced Monday it has opened a further 40 locations, including 28 Ross Dress for Less stores and 12 dd's Discounts stores across 21 different states in September and October. "This fall, we opened our 2,000th store and continued to...