Ross Stores Inc.
Ross Stores Reports Fiscal 2024 Results and Increases Quarterly Dividend
Summary
Ross Stores, Inc. reported earnings per share of $1.79 for the 13 weeks ended February 1, 2025, compared to $1.82 for the same period in 2024. The company announced a 10% increase in its quarterly cash dividend to $0.405 per share, payable on March 31, 2025. Net income for the period was $587 million, and sales were $5.9 billion. The company also provided guidance for the first quarter and full year of fiscal 2025, anticipating comparable store sales to be down 3% to flat and fiscal 2025 earnings per share to be between $5.95 and $6.55. The full press release is furnished as Exhibit 99.1.
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Exhibits (1)
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About Ross Stores Inc.
Ross Stores Inc., commonly referred to as Ross Dress for Less, is a leading American off-price retail company specializing in offering a wide selection of in-season, quality apparel, accessories, footwear, and home fashion. The company operates a large network of retail stores across the United States, catering to value-conscious customers by providing brand-name products at substantial discounts compared to regular department and specialty store prices. Founded in 1982, Ross Stores has carved out a significant niche in the retail sector, focusing on a cost-efficient model that emphasizes lower operational costs and minimized distribution expenses. This strategy allows them to pass savings directly to consumers, enhancing their competitive advantage in the off-price retail landscape. With its headquarters in Dublin, California, Ross Stores continuously adapts to changing consumer trends and preferences by optimizing merchandise assortments and maintaining a fresh yet affordable inventory. Its consistency in delivering value has made it a preferred shopping destination for budget-minded individuals, thus holding a crucial role in the retail market.
Official SEC Documents
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