Ross Stores news and archive

Ross Stores names William Sheehan future CFO, Orvos to retire in September

Ross Stores executive vice president and chief financial officer Adam Orvos, 60, will retire effective September 30, 2025. "Adam's financial leadership and expertise have been invaluable to our company, contributing significantly to our robust financial standing," stated Jim Conroy, chief executive officer, expressing gratitude on behalf of the...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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Ross Stores ups FY guidance as Q2 sales, profits rise

US retailer Ross Stores has upped its full-year sales and earnings outlook after a better-than-expected Q2 performance. The discount department store chain reported a 7.7 percent increase in sales to 4.9 billion dollars in the three months ended July 29. Comparable store sales were up 5 percent, compared to a drop of 7 percent in the prior-year...

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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...

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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...

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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...