Declared Dividend • May 23
First quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 9th June 2026 Payment date: 30th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 3.7%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 22%. Announcement • May 22
Ross Stores, Inc. announces Quarterly dividend, payable on June 30, 2026 Ross Stores, Inc. announced Quarterly dividend of USD 0.4450 per share payable on June 30, 2026, ex-date on June 09, 2026 and record date on June 09, 2026. Reported Earnings • May 22
First quarter 2027 earnings released: EPS: US$2.04 (vs US$1.48 in 1Q 2026) First quarter 2027 results: EPS: US$2.04 (up from US$1.48 in 1Q 2026). Revenue: US$6.01b (up 21% from 1Q 2026). Net income: US$650.0m (up 36% from 1Q 2026). Profit margin: 11% (up from 9.6% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 22
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to US$231. The fair value is estimated to be US$182, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 7.6% per annum over the same time period. Announcement • May 08
Ross Stores, Inc. to Report Q1, 2027 Results on May 21, 2026 Ross Stores, Inc. announced that they will report Q1, 2027 results at 4:00 PM, US Eastern Standard Time on May 21, 2026 Announcement • Apr 08
Ross Stores, Inc., Annual General Meeting, May 20, 2026 Ross Stores, Inc., Annual General Meeting, May 20, 2026. Recent Insider Transactions • Mar 29
Insider recently sold US$1.5m worth of stock On the 24th of March, Karen Fleming sold around 7k shares on-market at roughly US$213 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$14m more than they bought in the last 12 months. Declared Dividend • Mar 06
Fourth quarter dividend increased to US$0.45 Dividend of US$0.45 is 9.9% higher than last year. Ex-date: 13th March 2026 Payment date: 31st March 2026 Dividend yield will be 0.8%, which is lower than the industry average of 3.7%. Payout Ratios Payout ratio: 24%. Cash payout ratio: 26%. Buy Or Sell Opportunity • Mar 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to US$212. The fair value is estimated to be US$176, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 7.6% per annum over the same time period. Reported Earnings • Mar 04
Full year 2026 earnings released: EPS: US$6.66 (vs US$6.36 in FY 2025) Full year 2026 results: EPS: US$6.66 (up from US$6.36 in FY 2025). Revenue: US$22.8b (up 7.7% from FY 2025). Net income: US$2.15b (up 2.6% from FY 2025). Profit margin: 9.4% (in line with FY 2025). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 18
Ross Stores, Inc. to Report Q4, 2026 Results on Mar 03, 2026 Ross Stores, Inc. announced that they will report Q4, 2026 results at 4:00 PM, US Eastern Standard Time on Mar 03, 2026 Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. CEO & Director Jim Conroy was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jan 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to US$187. The fair value is estimated to be US$155, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Buy Or Sell Opportunity • Jan 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to US$185. The fair value is estimated to be US$154, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 6.3% per annum over the same time period. Buy Or Sell Opportunity • Dec 11
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to US$181. The fair value is estimated to be US$148, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Announcement • Nov 25
Ross Stores, Inc. Announces Board Chair Changes Ross Stores, Inc. announced that its Board of Directors has approved the following Board Chair succession plan: As previously communicated, Michael Balmuth will step down as Executive Chairman of the Board on January 31, 2026, and will continue to serve as a Senior Advisor to the Company through March 31, 2026. Mr. Balmuth has advised that when he steps down as Executive Chairman, he will also retire from the Board. K. Gunnar Bjorklund, current Board member and Lead Independent Director, has been appointed to succeed Mr. Balmuth as Chairman of the Board, effective February 1, 2026. Gunnar has long served as an independent Board member with deep knowledge of the Company and the off-price retail sector, along with a strong background in shaping consumer-driven business strategies. He has also served as our Board’s Lead Independent Director since 2023. His insights and leadership will continue to be significant assets to the Company and its shareholders. Declared Dividend • Nov 24
Third quarter dividend of US$0.41 announced Shareholders will receive a dividend of US$0.41. Ex-date: 9th December 2025 Payment date: 31st December 2025 Dividend yield will be 0.9%, which is lower than the industry average of 3.7%. Payout Ratios Payout ratio: 25%. Cash payout ratio: 27%. Reported Earnings • Nov 21
Third quarter 2026 earnings released: EPS: US$1.59 (vs US$1.49 in 3Q 2025) Third quarter 2026 results: EPS: US$1.59 (up from US$1.49 in 3Q 2025). Revenue: US$5.60b (up 10% from 3Q 2025). Net income: US$511.9m (up 4.7% from 3Q 2025). Profit margin: 9.1% (in line with 3Q 2025). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year. Announcement • Nov 21
Ross Stores, Inc. Raises Earnings Guidance for 13 Weeks Ending January 31, 2026 and the Full Year 2025 Ross Stores, Inc. raised earnings guidance for 13 Weeks Ending January 31, 2026 and the Full Year 2025. For the year, the company is increasing earnings per share guidance to be in the range of $6.38 to $6.46, which includes approximately $0.16 per share negative impact from tariff-related costs. In addition, and as a reminder, 2024 fourth quarter and full year earnings per share of $1.79 and $6.32, respectively, included an approximate $0.14earnings per share benefit related to the sale of a packaway facility.
For the 13 weeks ending January 31, 2026, the company is raising comparable store sales forecast to be up 3% to 4% with earnings per share in the range of $1.77 to $1.85. This updated guidance range reflects approximately $0.03 earnings per share of unfavorable timing of packaway-related expenses that benefited the third quarter. Announcement • Nov 20
Ross Stores, Inc. Declares Regular Quarterly Cash Dividend, Payable on December 31, 2025 Ross Stores, Inc. announced that the Company’s Board of Directors declared a regular quarterly cash dividend of $0.405 per common share, payable on December 31, 2025 to stockholders of record as of December 9, 2025. Announcement • Nov 07
Ross Stores, Inc. to Report Q3, 2026 Results on Nov 20, 2025 Ross Stores, Inc. announced that they will report Q3, 2026 results at 4:00 PM, US Eastern Standard Time on Nov 20, 2025 Recent Insider Transactions • Sep 28
CEO & Director recently sold US$5.7m worth of stock On the 24th of September, James Conroy sold around 39k shares on-market at roughly US$146 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Declared Dividend • Aug 24
Second quarter dividend of US$0.41 announced Shareholders will receive a dividend of US$0.41. Ex-date: 9th September 2025 Payment date: 30th September 2025 Dividend yield will be 1.1%, which is lower than the industry average of 3.7%. Payout Ratios Payout ratio: 24%. Cash payout ratio: 32%. Reported Earnings • Aug 22
Second quarter 2026 earnings released: EPS: US$1.57 (vs US$1.60 in 2Q 2025) Second quarter 2026 results: EPS: US$1.57 (down from US$1.60 in 2Q 2025). Revenue: US$5.53b (up 4.6% from 2Q 2025). Net income: US$508.0m (down 3.6% from 2Q 2025). Profit margin: 9.2% (in line with 2Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Announcement • Aug 22
Ross Stores, Inc. Provides Earnings Guidance for the Third and Fourth Quarter and 52 Weeks Ending January 31, 2026 Ross Stores, Inc. provided earnings guidance for the third and fourth quarter and 52 weeks ending January 31, 2026. For the third quarter, the company planning comparable store sales growth of up 2% to 3% and earnings per share for the third quarter are projected to be $1.31 to $1.37 versus $1.48 last year.
For the fourth quarter, the company planning comparable store sales growth of up 2% to 3% and earnings per share projected to be $1.74 to $1.81 for the fourth quarter compared to $1.79 in 2024.
The company earnings per share for the 52 weeks ending January 31, 2026 are now planned to be in the range of $6.08 to $6.21 versus $6.32 last year. Announcement • Aug 21
Ross Stores, Inc. Announces Quarterly Cash Dividend, Payable on September 30, 2025 Ross Stores, Inc. announced that the Company’s Board of Directors declared a regular quarterly cash dividend of $0.405 per common share, payable on September 30, 2025 to stockholders of record as of September 9, 2025. Announcement • Aug 08
Ross Stores, Inc. to Report Q2, 2026 Results on Aug 21, 2025 Ross Stores, Inc. announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Aug 21, 2025 Announcement • May 22
Ross Stores, Inc. Announces Quarterly Cash Dividend, Payable on June 30, 2025 Ross Stores, Inc. announced that the Company’s Board of Directors declared a regular quarterly cash dividend of $0.405 per common share, payable on June 30, 2025 to stockholders of record as of June 10, 2025. Announcement • May 09
Ross Stores, Inc. to Report Q1, 2026 Results on May 22, 2025 Ross Stores, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 22, 2025 Announcement • Apr 09
Ross Stores, Inc., Annual General Meeting, May 21, 2025 Ross Stores, Inc., Annual General Meeting, May 21, 2025. Declared Dividend • Mar 07
Fourth quarter dividend increased to US$0.41 Dividend of US$0.41 is 10% higher than last year. Ex-date: 18th March 2025 Payment date: 31st March 2025 Dividend yield will be 1.1%, which is lower than the industry average of 3.7%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 33%. Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: US$6.36 (vs US$5.59 in FY 2024) Full year 2025 results: EPS: US$6.36 (up from US$5.59 in FY 2024). Revenue: US$21.1b (up 3.7% from FY 2024). Net income: US$2.09b (up 12% from FY 2024). Profit margin: 9.9% (in line with FY 2024). Like-for-like sales growth: 3.0% vs FY 2024 Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 16% per year. Announcement • Feb 19
Ross Stores, Inc. to Report Q4, 2025 Results on Mar 04, 2025 Ross Stores, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 04, 2025 Declared Dividend • Nov 25
Third quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 10th December 2024 Payment date: 31st December 2024 Dividend yield will be 1.0%, which is lower than the industry average of 3.7%. Payout Ratios Payout ratio: 22%. Cash payout ratio: 29%. Reported Earnings • Nov 22
Third quarter 2025 earnings released: EPS: US$1.49 (vs US$1.34 in 3Q 2024) Third quarter 2025 results: EPS: US$1.49 (up from US$1.34 in 3Q 2024). Revenue: US$5.07b (up 3.0% from 3Q 2024). Net income: US$488.8m (up 9.3% from 3Q 2024). Profit margin: 9.6% (in line with 3Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Announcement • Nov 22
Ross Stores, Inc. Updates Earnings Guidance for the 13 Weeks and 52 Weeks Ending February 1, 2025 Ross Stores, Inc. updated earnings guidance for the 13 weeks and 52 weeks ending February 1, 2025. For the 13 weeks, the company continue to project comparable store sales to increase 2% to 3%. Earnings per share for the fourth quarter are planned to be in the range of $1.57 to $1.64, compared to $1.82 for the 14 weeks ended February 3, 2024. This guidance range includes an unfavorable impact of approximately $0.03 per share primarily from the timing of packaway-related expenses that benefited the third quarter.
For the 52 weeks, based on the company’s year-to-date results and fourth quarter forecast, earnings per share now expected to be in the range of $6.10 to $6.17 versus $5.56 last year. As a reminder, both the 2023 fourth quarter and full year results included an approximate $0.20 earnings per share benefit from the 53rd week. Announcement • Nov 21
Ross Stores, Inc. Announces Quarterly Dividend, Payable on December 31, 2024 Ross Stores, Inc. announced that the Company’s Board of Directors declared a regular quarterly cash dividend of $0.3675 per common share, payable on December 31, 2024 to stockholders of record as of December 10, 2024. Announcement • Nov 08
Ross Stores, Inc. to Report Q3, 2025 Results on Nov 21, 2024 Ross Stores, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 21, 2024 Announcement • Oct 29
Ross Stores, Inc. Announces Chief Executive Officer Changes Ross Stores, Inc. announced that its Board of Directors has appointed James Conroy (54), a seasoned retail CEO, as Chief Executive Officer, succeeding Barbara Rentler effective February 2, 2025. Initially, Mr. 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 Michael Balmuth. Upon becoming CEO, he will report directly to the Company’s full Board of Directors. Mr. Conroy is a talented retail executive with more than 25 years of management, operational, and consulting experience. Most recently since 2012, Mr. Conroy has served as President and Chief Executive Officer of Boot Barn. Prior to joining Boot Barn, Mr. Conroy served in various executive roles at Claire’s Stores, Inc. from 2007 to 2012, including Chief Operating Officer and Interim Co-Chief Executive Officer in 2012 and President from 2009 to 2012. Mr. Conroy’s appointment follows a comprehensive search process launched when Ross announced its long-term CEO succession plan in June 2023. As part of the previously announced succession plan, Barbara Rentler (67), current Chief Executive Officer and Vice Chair, will move to an advisory role as of February 2, 2025, where she will continue to play an important role in the ongoing implementation of merchandising strategies through March 31, 2027. Announcement • Sep 13
Ross Stores, Inc. Announces Executive Changes Ross Stores, Inc. 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: Karen Fleming is being promoted to President and Chief Merchandising Officer, Ross Dress for Less, continuing to report directly to Barbara Rentler, Chief Executive Officer. Ms. Fleming is currently President and Chief Merchandising Officer of dd's DISCOUNTS and is responsible for directing all aspects of merchandising at dd's. In her new role, Ms. Fleming will oversee the merchandising responsibilities at Ross Dress for Less. Karen Sykes will become President and Chief Merchandising Officer, dd's DISCOUNTS, also continuing to report directly to Barbara Rentler, Chief Executive Officer. Ms. Sykes will replace Ms. Fleming upon her promotion. Ms. Sykes currently serves as Executive Vice President, Merchandising overseeing Men's and Children's at Ross Dress for Less. In her new role, Ms. Sykes will direct all aspects of merchandising at dd's. Declared Dividend • Aug 25
Second quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 10th September 2024 Payment date: 30th September 2024 Dividend yield will be 0.9%, which is lower than the industry average of 3.7%. Payout Ratios Payout ratio: 22%. Cash payout ratio: 30%. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: US$1.60 (vs US$1.33 in 2Q 2024) Second quarter 2025 results: EPS: US$1.60 (up from US$1.33 in 2Q 2024). Revenue: US$5.29b (up 7.1% from 2Q 2024). Net income: US$527.1m (up 18% from 2Q 2024). Profit margin: 10.0% (up from 9.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Announcement • Aug 23
Ross Stores, Inc. Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of 2024 Ross Stores, Inc. provided earnings guidance for the third quarter, fourth quarter and full year of 2024. For the quarter, third quarter earnings per share are expected to be in the range of $1.35 to $1.41 versus $1.33 last year. Total sales are forecast to increase 3% to 5% versus the prior year. Net interest income is estimated to be approximately $39 million.
For the fourth quarter, earnings per share are expected to be in the range of $1.60 to $1.67 compared to $1.82 in 2023. This updated earnings guidance now reflects additional efficiencies they expect to achieve in the second half of 2024. The company is planning comparable sales growth of 2% to 3% on top of 5% and 7% gains, respectively, in 2023.
If the second half performs in line with these projections, earnings per share for the full year 2024 are now forecast to be in the range of $6 to $6.13, up from $5.56 in fiscal 2023. Announcement • Aug 22
Ross Stores, Inc. Announces Quarterly Dividend, Payable on September 30, 2024 Ross Stores, Inc. announced that the Company’s Board of Directors declared a regular quarterly cash dividend of $0.3675 per common share, payable on September 30, 2024 to stockholders of record as of September 10, 2024. Announcement • Aug 09
Ross Stores, Inc. to Report Q2, 2025 Results on Aug 22, 2024 Ross Stores, Inc. announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Aug 22, 2024 Announcement • Jul 03
Ross Stores, Inc.(NasdaqGS:ROST) dropped from Russell 1000 Dynamic Index Ross Stores, Inc.(NasdaqGS:ROST) dropped from Russell 1000 Dynamic Index Declared Dividend • May 27
First quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 11th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 3.7%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 28%. Reported Earnings • May 24
First quarter 2025 earnings released: EPS: US$1.47 (vs US$1.10 in 1Q 2024) First quarter 2025 results: EPS: US$1.47 (up from US$1.10 in 1Q 2024). Revenue: US$4.86b (up 8.1% from 1Q 2024). Net income: US$488.0m (up 32% from 1Q 2024). Profit margin: 10.0% (up from 8.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 24
Ross Stores, Inc. Provides Earnings Guidance for the 13 Weeks Ending August 3, 2024 and 52 Weeks Ending February 1, 2025 Ross Stores, Inc. provided earnings guidance for the 13 weeks ending August 3, 2024 and 52 weeks ending February 1, 2025. For the 13 weeks ending August 3, 2024, comparable store sales are projected to increase 2% to 3% on top of a 5% gain in the second quarter of last year. Earnings per share for the second quarter are projected to be in the range of $1.43 to $1.49.Comparable store sales for the 52 weeks ending February 1, 2025 remain unchanged at up 2% to 3%, with earnings per share for the 2024 fiscal year now projected to be in the range of $5.79 to $5.98 versus $5.56 for the 53 weeks ended February 3, 2024. Announcement • May 23
Ross Stores, Inc. Announces Quarterly Dividend, Payable on June 28, 2024 Ross Stores, Inc. announced that the Company’s Board of Directors declared a regular quarterly cash dividend of $0.3675 per common share, payable on June 28, 2024 to stockholders of record as of June 11, 2024. Announcement • May 11
Ross Stores, Inc. to Report Q1, 2025 Results on May 23, 2024 Ross Stores, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on May 23, 2024 Announcement • Apr 25
As You Sow Foundation Files an Exempt Solicitation Statement and Request Vote For its Proposal On April 24, 2024, As You Sow Foundation filed an exempt solicitation statement and urged the shareholders of Ross Stores, Inc to vote for its proposal requesting the Company measure and publicly disclose all material value chain GHG emissions at the Company’s annual general meeting of shareholders scheduled to be held on May 22, 2024. Recent Insider Transactions • Mar 30
Insider recently sold US$1.6m worth of stock On the 27th of March, Brian Morrow sold around 11k shares on-market at roughly US$146 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$20m more than they bought in the last 12 months. Declared Dividend • Mar 08
Fourth quarter dividend increased to US$0.37 Dividend of US$0.37 is 9.7% higher than last year. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 0.9%, which is lower than the industry average of 3.7%. Payout Ratios Payout ratio: 24%. Cash payout ratio: 28%. Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: US$5.59 (vs US$4.40 in FY 2023) Full year 2024 results: EPS: US$5.59 (up from US$4.40 in FY 2023). Revenue: US$20.4b (up 9.0% from FY 2023). Net income: US$1.87b (up 24% from FY 2023). Profit margin: 9.2% (up from 8.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Mar 06
Ross Stores, Inc. (NasdaqGS:ROST) announces an Equity Buyback for $2,100 million worth of its shares. Ross Stores, Inc. (NasdaqGS:ROST) announces a share repurchase program. Under the program, the company will repurchase up to $2,100 million worth of its shares. The program will continue through fiscal year 2025. Announcement • Feb 21
Ross Stores, Inc. to Report Q4, 2024 Results on Mar 05, 2024 Ross Stores, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Mar 05, 2024 Announcement • Feb 01
Ross Stores, Inc. Announces Executive Changes Ross Stores, Inc. announced that Karen Fleming has been promoted to President and Chief Merchandising Officer, dd’s DISCOUNTS effective April 1, 2024. Ms. Fleming will report directly to Barbara Rentler, the Company’s Chief Executive Officer and be responsible for directing all aspects of merchandising at dd’s DISCOUNTS. Brian Morrow, current President and Chief Merchandising Officer of dd’s will transition to a consultant role upon Ms. Fleming’s promotion. Ms. Fleming, age 57, has most recently been serving as Group Executive Vice President, Merchandising - dd’s DISCOUNTS since September 2023. She joined the Company in 1999 as a Buyer, and then served as Vice President, Divisional Merchandise Manager from 2007 to 2013, Group Vice President, Divisional Merchandise Manager from 2013 to 2015, Senior Vice President, General Merchandise Manager from 2015 to 2018, and Group Senior Vice President, General Merchandise Manager from 2018 to 2022. Ms. Fleming transferred to the Company’s dd’s DISCOUNTS business in 2022, initially as Executive Vice President, Merchandising. Upcoming Dividend • Nov 27
Upcoming dividend of US$0.34 per share at 1.0% yield Eligible shareholders must have bought the stock before 04 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (3.3%). Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: US$1.34 (vs US$1.00 in 3Q 2023) Third quarter 2024 results: EPS: US$1.34 (up from US$1.00 in 3Q 2023). Revenue: US$4.92b (up 7.9% from 3Q 2023). Net income: US$447.3m (up 31% from 3Q 2023). Profit margin: 9.1% (up from 7.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 17
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be US$154, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 9.5% per annum over the same time period. Announcement • Nov 03
Ross Stores, Inc. to Report Q3, 2024 Results on Nov 16, 2023 Ross Stores, Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Nov 16, 2023 Announcement • Oct 12
Ross Stores, Inc. Appoints Stephen Brinkley as President, Operations, Effective October 30, 2023 Ross Stores, Inc. announced that Stephen Brinkley, 50, has been named to the newly-created position of President, Operations with an expected start date of October 30, 2023. In his new role, Mr. Brinkley will report to Michael Hartshorn, Group President and Chief Operating Officer. His responsibilities will include Property Development, Stores, and Supply Chain. The Company’s Finance, Human Resources, Legal, Marketing, Strategy, and Technology organizations will continue to report directly to Mr. Hartshorn. Most recently, Mr. Brinkley served as President of SportChek. Mr. Brinkley is a seasoned executive with more than 25 years of in-depth operational and general management experience, including roles at Save A Lot, Target, and Circuit City. Recent Insider Transactions • Oct 11
President & Chief Capability Officer recently sold US$2.3m worth of stock On the 6th of October, Michael Kobayashi sold around 21k shares on-market at roughly US$112 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$5.2m. Michael has been a net seller over the last 12 months, reducing personal holdings by US$3.6m. Announcement • Sep 01
Ross Stores, Inc. Announces Board Changes, Effective September 1, 2023 Ross Stores, Inc. announced that its Board of Directors has approved the following changes to its Board leadership and composition effective September 1, 2023: George P. Orban will step down as Chairman of the Board while continuing to serve as an independent Director. Michael Balmuth, currently Strategic Advisor to the Company, will return to the Executive Chairman of the Board role. K. Gunnar Bjorklund will become Lead Independent Director. Recent Insider Transactions • Aug 28
Insider recently sold US$3.2m worth of stock On the 23rd of August, Brian Morrow sold around 26k shares on-market at roughly US$122 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$9.1m more than they bought in the last 12 months. Upcoming Dividend • Aug 25
Upcoming dividend of US$0.34 per share at 1.1% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (3.1%). Announcement • Aug 18
Ross Stores, Inc. Provides Earnings Guidance for the Third Quarter, Fourth Quarter of 2023, 52 Weeks Ending January 27, 2024 and 53 Weeks Ending February 3, 2024 Ross Stores, Inc. provided earnings guidance for the third quarter, fourth quarter of 2023, 52 weeks ending January 27, 2024 and 53 weeks ending February 3, 2024. The company is planning comparable store sales for the third and fourth quarters of 2023 to be up 2% to 3% and up 1% to 2%, respectively. Earnings per share for the third quarter are projected to be $1.16 to $1.21 versus $1.00 last year and $1.58 to $1.64 for the fourth quarter, compared to $1.31 in 2022.Based on these assumptions, same store sales for the 52 weeks ending January 27, 2024 are forecast to be in the range of up 2% to 3%. Based on company's first half results and second half guidance, earnings per share for the 53 weeks ending February 3, 2024 are now planned to be in the range of $5.15 to $5.26 versus $4.38 last year. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: US$1.33 (vs US$1.12 in 2Q 2023) Second quarter 2024 results: EPS: US$1.33 (up from US$1.12 in 2Q 2023). Revenue: US$4.93b (up 7.7% from 2Q 2023). Net income: US$446.3m (up 16% from 2Q 2023). Profit margin: 9.0% (up from 8.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 18
Now 21% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be US$145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is also forecast to grow by 8.4% per annum over the same time period. Announcement • Aug 17
Ross Stores, Inc. Declares Regular Quarterly Cash Dividend, Payable on September 29, 2023 Ross Stores, Inc. announced that the Company’s Board of Directors declared a regular quarterly cash dividend of $0.335 per common share, payable on September 29, 2023 to stockholders of record as of September 5, 2023. Announcement • Aug 04
Ross Stores, Inc. to Report Q2, 2024 Results on Aug 17, 2023 Ross Stores, Inc. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 17, 2023 Buying Opportunity • Jul 03
Now 20% undervalued Over the last 90 days, the stock is up 2.1%. The fair value is estimated to be US$139, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 9.1% per annum over the same time period. Buying Opportunity • Jun 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.8%. The fair value is estimated to be US$129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 9.2% per annum over the same time period. Recent Insider Transactions • May 31
Vice Chairman & CEO recently sold US$3.1m worth of stock On the 25th of May, Barbara Rentler sold around 30k shares on-market at roughly US$102 per share. This transaction amounted to 8.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Barbara's only on-market trade for the last 12 months. Upcoming Dividend • May 29
Upcoming dividend of US$0.34 per share at 1.3% yield Eligible shareholders must have bought the stock before 05 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (3.2%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: US$1.10 (vs US$0.97 in 1Q 2023) First quarter 2024 results: EPS: US$1.10 (up from US$0.97 in 1Q 2023). Revenue: US$4.49b (up 3.7% from 1Q 2023). Net income: US$371.2m (up 9.7% from 1Q 2023). Profit margin: 8.3% (up from 7.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 19
Ross Stores, Inc. Provides Earnings Guidance for the 13 Weeks Ending July 29, 2023, 52 Weeks Ending January 27, 2024 and 53 Weeks Ending February 3, 2024 Ross Stores, Inc. provided earnings guidance for the 13 weeks ending July 29, 2023, 52 weeks ending January 27, 2024 and 53 weeks ending February 3, 2024. For the 13 weeks ending July 29, 2023, comparable store sales are projected to be relatively flat. Earnings per share for this year’s second quarter are forecast to be $1.07 to $1.14 versus $1.11 for the same period last year.Based on first quarter results and guidance for the second quarter, comparable store sales for the 52 weeks ending January 27, 2024, are still planned to be relatively flat. The company now projects earnings per share for the 53 weeks ending February 3, 2024 to be $4.77 to $4.99 compared to $4.38 for the 52 weeks ended January 28, 2023. This guidance includes an estimated benefit to full year 2023 earnings per share of approximately $0.15 from the 53rd week. Announcement • May 18
Ross Stores, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 30, 2023 Ross Stores, Inc. announced that the Company’s Board of Directors declared a regular quarterly cash dividend of $0.335 per common share, payable on June 30, 2023 to stockholders of record as of June 6, 2023. Announcement • May 05
Ross Stores, Inc. to Report Q1, 2024 Results on May 18, 2023 Ross Stores, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 18, 2023 Recent Insider Transactions • Apr 11
President & Chief Capability Officer recently sold US$1.3m worth of stock On the 6th of April, Michael Kobayashi sold around 12k shares on-market at roughly US$106 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Recent Insider Transactions • Apr 06
Senior VP recently sold US$345k worth of stock On the 31st of March, Jeffrey Burrill sold around 3k shares on-market at roughly US$105 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$427k more than they bought in the last 12 months. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: US$4.40 (vs US$4.90 in FY 2022) Full year 2023 results: EPS: US$4.40 (down from US$4.90 in FY 2022). Revenue: US$18.7b (down 1.2% from FY 2022). Net income: US$1.51b (down 12% from FY 2022). Profit margin: 8.1% (down from 9.1% in FY 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 15
Ross Stores, Inc. to Report Q4, 2023 Results on Feb 28, 2023 Ross Stores, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 28, 2023 Buying Opportunity • Dec 31
Now 20% undervalued Over the last 90 days, the stock is up 36%. The fair value is estimated to be US$145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. 
