Ross Stores Shares Off as Discount Retailer Swings to Loss [TheStreet.com]
Ross Stores, Inc. (ROST)
Last ross stores, inc. earnings: 3/3 04:01 pm
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Source: TheStreet.com
Shares of Ross Stores(ROSTGet ReportThe company also suspended its dividend and decided to reduce new-store openings this year.In the fiscal first quarter ended May 2, the Dublin, Calif., company swung to a net loss of $306 million, or 87 cents a share, from a profit of $421 million, or $1.15 a share, in the year-earlier quarter.Analysts polled by FactSet predicted a profit of 13 cents a share for the latest quarter.Revenue dropped 53% in the first quarter, to $1.8 billion from $3.8 billion a year earlier. Analysts had forecast sales of $2.2 billion for the latest quarter.Ross closed its 1,566 stores starting in March and began reopening them May 14.“Our first-quarter results reflect the unprecedented impact the covid-19 pandemic has had on our business, which led to the closure of all stores and our first quarterly operating loss in more than 30 years,” Ross Chief Executive Barbara Rentler said in a statement.“Operating margin for the period was negatively affected by the significant
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ROST
News
- When Should You Buy Ross Stores, Inc. (NASDAQ:ROST)? [Yahoo! Finance]Yahoo! Finance
- Boys & Girls Clubs of the Valley and Ross Stores Celebrated 10-Year Anniversary of "Help Local Kids Thrive" In-Store Fundraiser [Yahoo! Finance]Yahoo! Finance
- Ross Stores' (ROST) Strategic Efforts Seem Good: Apt to Hold [Yahoo! Finance]Yahoo! Finance
- Column: More than just a store, 99 Cents Only gave a fair shake to all who entered [Los Angeles Times (CA)]Los Angeles Times
- Ross Stores: May Seem Pricey But Justifiably So [Seeking Alpha]Seeking Alpha
ROST
Earnings
- 3/5/24 - Beat
ROST
Sec Filings
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- 4/9/24 - Form ARS
- ROST's page on the SEC website