Ross Stores, Inc.'s Stock Analysis

Ross Stores Announces CFO Retirement and Successor Appointment

Adam Orvos, the Chief Financial Officer of Ross Stores, is set to retire on September 30, 2025. In line with the company's succession plan, William Sheehan, currently the Deputy CFO, has been appointed as the new CFO effective October 1, 2025. Sheehan has over 34 years of financial experience in the retail sector and has held various positions within the company since 2006.

William Sheehan's new employment agreement includes a base salary of $775,000 per year and a target annual cash bonus of 75% of his salary. He will also receive a restricted stock award valued at $1,200,000, which will vest in 2029. The agreement outlines severance benefits, participation in benefit plans, and other standard provisions for senior executives, including non-solicitation and confidentiality clauses.

Sep 02, 2025 16:18:57

Ross Stores Reports Second Quarter Earnings and Share Buyback Update

Ross Stores, Inc. reported earnings per share of $1.56 for the fiscal quarter ended August 2, 2025, with a net income of $508 million. This reflects a slight decrease from $1.59 per share and $527 million in net income for the same period in 2024. Total sales rose 5% to $5.5 billion, while comparable store sales increased by 2%. For the first half of 2025, earnings per share were $3.03, down from $3.05 in the prior year, with total sales growing to $10.5 billion compared to $10.1 billion in 2024. The company also noted a negative impact of approximately $0.11 per share due to tariff-related costs during the quarter.

In the second quarter, Ross repurchased 1.9 million shares for $262 million under its $2.1 billion buyback program. The company anticipates a total buyback of $1.05 billion in common stock for fiscal 2025. For the upcoming third and fourth quarters, Ross expects comparable store sales growth of 2% to 3% and has projected earnings per share for the third quarter to be between $1.31 and $1.37, and between $1.74 and $1.81 for the fourth quarter. The company has indicated that ongoing macroeconomic uncertainties may affect its performance and has planned for an estimated earnings per share impact of $0.22 to $0.25 from trade policies.

Aug 21, 2025 16:03:30

Ross Stores Reports First Quarter Earnings and Second Quarter Guidance

Ross Stores, Inc. reported earnings per share of $1.47 for the first quarter of fiscal 2025, slightly up from $1.46 in the same period last year. The company's net income was $479 million, compared to $488 million in the previous year. First quarter sales reached $5.0 billion, with comparable store sales remaining flat compared to the previous year. The operating margin was stable at 12.2% year-over-year. The company also repurchased 2.0 million shares for $263 million as part of its stock buyback program, which is on track to reach $1.05 billion in total for fiscal 2025.

Looking ahead, Ross Stores has provided guidance for the second quarter, projecting comparable store sales to be flat to up 3% and earnings per share to range between $1.40 to $1.55, down from $1.59 in the prior year. The company noted that ongoing macroeconomic uncertainties, particularly related to tariffs and inflation, could impact profitability. As a result, Ross Stores has withdrawn its annual sales and earnings guidance and emphasized a focus on managing the business conservatively amid these challenges.

May 22, 2025 16:02:34

Ross Stores Reports Decrease in Earnings Per Share and Sales

Ross Stores, Inc. reported earnings per share of $1.79 for the fourth quarter, a slight decrease from $1.82 in the previous year, with net income also down to $587 million from $610 million. Sales for the quarter totaled $5.9 billion, showing a 3% increase in comparable store sales, which follows a stronger 7% gain in the same period last year. For fiscal 2024, earnings per share rose to $6.32 from $5.56, with net earnings increasing to $2.1 billion on sales of $21.1 billion compared to $1.9 billion on $20.4 billion in the prior year. However, results included a one-time benefit of approximately $0.14 per share from the sale of a packaway facility, while the previous year had benefited from a 53rd week in its reporting period.

The company announced a 10% increase in its quarterly cash dividend, now at $0.405 per share, and repurchased 1.7 million shares for $262 million during the fourth quarter. Despite these positive developments, the CEO noted a decline in sales trends beginning late January, attributed to unseasonable weather and economic volatility affecting customer traffic. Looking ahead, comparable store sales for the first quarter of fiscal 2025 are projected to be down 3% to flat, with earnings per share expected between $1.33 and $1.47. The company is taking a cautious approach to its forecasts for the upcoming year.

Mar 04, 2025 16:04:11

Ross Stores Announces CFO Retirement and Successor Appointment

Ross Stores, Inc. has announced the retirement of Chief Financial Officer Adam Orvos, effective September 30, 2025. William Sheehan, currently serving as Group Senior Vice President of Finance, has been promoted to Deputy Chief Financial Officer and is set to take over as CFO on October 1, 2025. Sheehan brings over 34 years of financial experience in the retail industry, having been with Ross since 2006. The leadership transition is expected to be smooth, with support from current executives.

The company reported fiscal 2023 revenues of $20.4 billion and operates 1,831 Ross Dress for Less locations and 355 dd’s DISCOUNTS stores across the United States. While the announcement highlights the company's strong financial position under Orvos's leadership, his upcoming retirement introduces a change in the executive team that may impact future financial strategies.

Feb 20, 2025 16:32:08

Ross Stores Reports Q3 Earnings Per Share of $1.48

Ross Stores, Inc. reported a rise in earnings per share to $1.48 for the third quarter, compared to $1.33 in the same period last year, with net income increasing to $489 million from $447 million. Sales also saw an uptick, reaching $5.1 billion, up from $4.9 billion, alongside a 1% gain in comparable store sales. The company noted a positive operating margin of 11.9%, attributed to lower costs in incentives, freight, and distribution, which helped offset a planned decline in merchandise margin. Additionally, Ross Stores repurchased 1.8 million shares for $262 million during the quarter, continuing its stock buyback program aimed at $1.05 billion for the fiscal year.

Conversely, the company expressed disappointment over slower sales growth compared to the first half of 2024, attributing this to high costs affecting discretionary spending among its low-to-moderate income customers. Severe weather events and unseasonably warm temperatures also negatively impacted sales. Looking ahead, the company anticipates a decline in earnings per share for the fourth quarter, projecting a range of $1.57 to $1.64, down from $1.82 in the previous year. This guidance includes an unfavorable impact from timing of packaway-related expenses that benefited the third quarter.

Nov 21, 2024 16:04:02

Ross Stores Appoints New CEO, James Conroy

Ross Stores has announced the appointment of James Conroy as the new Chief Executive Officer, effective February 2, 2025. Conroy, who has over 25 years of retail experience, previously led Boot Barn and held executive roles at Claire’s Stores. His appointment follows a thorough search process and aims to build on the company's successful growth trajectory. Current CEO Barbara Rentler will transition to an advisory role, ensuring a smooth leadership transition and continued strategic guidance.

The company expressed excitement about Conroy's customer-focused approach and proven track record in retail management. Executive Chairman Michael Balmuth highlighted Conroy's potential to enhance shareholder value and drive profitable growth. The transition comes with gratitude for Rentler's nearly 40 years of service and leadership, which have established a solid foundation for the company's future. Overall, the leadership change is seen positively, with expectations for continued success.

Oct 28, 2024 16:05:58

Ross Stores Announces Leadership Changes in Merchandising

Ross Stores has announced key promotions within its merchandising leadership that aim to enhance its off-price strategies. Karen Fleming will take on the role of President and Chief Merchandising Officer for Ross Dress for Less, while Karen Sykes will step into the same position for dd’s DISCOUNTS. Both executives bring extensive experience and are expected to contribute to the company's growth and market share gains.

The CEO expressed confidence in the abilities of both Karen Fleming and Karen Sykes, highlighting their proven track records within the company. With over two decades and three decades of experience respectively, these promotions are seen as a strategic move to leverage their expertise in driving profitable growth for both brands. The leadership changes reflect Ross Stores' commitment to maintaining its competitive edge in the off-price retail sector.

Sep 10, 2024 16:31:26

Ross Stores Reports Strong Q2 Earnings and Sales Growth

Ross Stores, Inc. has reported impressive second-quarter earnings, with earnings per share increasing to $1.59 from $1.32 a year prior. The company achieved a 7% rise in total sales, reaching $5.3 billion, and comparable store sales grew by 4%. The CEO noted that the strong performance was driven by appealing value offerings and improved operating margins, which rose to 12.5%. Additionally, the company has been actively repurchasing shares, maintaining a commitment to buy back a total of $1.05 billion in stock during the fiscal year.

However, looking ahead, Ross Stores expressed caution regarding the second half of the year. The CEO highlighted ongoing challenges faced by low-to-moderate income customers due to high costs of living, which may affect discretionary spending. While the company anticipates modest comparable sales growth of 2% to 3% in the upcoming quarters, these projections are tempered by the competitive retail landscape and the pressure of last year's stronger sales. Overall, while the company is performing well, it remains vigilant about potential obstacles in the market.

Aug 22, 2024 16:02:21

Ross Stores Reports Strong First Quarter Earnings

Ross Stores, Inc. announced impressive first-quarter results with a notable increase in sales and earnings compared to the previous year. Despite macroeconomic challenges affecting customer spending, the company's operating margin improved significantly. Ross Stores also disclosed plans for stock repurchases and provided positive guidance for the second quarter and fiscal year 2024, aiming for sales and earnings growth by managing expenses tightly and focusing on offering customers great value.

May 23, 2024 16:04:06