|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||93.88 - 93.88|
|52-week range||93.88 - 93.88|
|Beta (5Y monthly)||0.81|
|PE ratio (TTM)||20.41|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Stocks edged down Friday morning as ongoing signs of the economic damage from the coronavirus pandemic compounded with fears of rising U.S.-China tensions. A slew of quarterly corporate earnings results came in mixed.
Ross Stores (ROST) Q1 results were affected by temporary store closures due to the COVID-19 crisis as well as operating loss. Also, it withdrew second-quarter and fiscal 2020 views.
Before we get started, on behalf of Ross Stores, I would like to note that the comments made on this call may contain forward-looking statements regarding expectations about future operations and financial results, including store openings and reopenings and other matters that are based on the Company's current forecast of aspects of its future business. Now I would like to turn the call over to Barbara Rentler, Chief Executive Officer. Joining me on our call today are Michael Hartshorn, Group President and Chief Operating Officer; Travis Marquette, Group Senior Vice President and Chief Financial Officer; and Connie Kao, Vice President, Investor Relations.
Ross Stores (ROST) delivered earnings and revenue surprises of -2800.00% and -11.77%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
Ross Stores, Inc. (NASDAQ: ROST) today reported its financial results for the fiscal 2020 first quarter. Both sales and earnings reflect the closure of all Ross Dress for Less® and dd’s DISCOUNTS® locations starting on March 20th through the quarter end due to the ongoing spread of COVID-19 throughout the United States.
Stocks in the Nasdaq Composite (NASDAQINDEX: ^IXIC) were down slightly more than broader-based indexes, with the Composite dropping almost 1% shortly after 11:45 a.m. EDT. The Nasdaq 100 Index was similarly down by nearly 1%. Among notable stocks in the Nasdaq 100, Ross Stores (NASDAQ: ROST) saw a nice gain as investors hoped that the discount apparel retailer would be able to follow in the footsteps of one of its closest industry peers.
Retail stocks' results are expected to reflect soft demand for non-essentials and discretionary items, offset by the increased stock-piling trend of essential goods, medicines and food in March.
Ross Stores' (ROST) first-quarter fiscal 2020 results are expected to reflect the impacts of store closures and higher costs due to the coronavirus pandemic.
Ross Stores (ROST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ross Stores (ROST) joins other retailers in furloughing employees from Apr 5 as a result of extended store closures stemming from the coronavirus outbreak.
Ross Stores, Inc. (NASDAQ: ROST) announced today further updates regarding the COVID-19 pandemic and additional steps management is taking in response to this rapidly-evolving situation. As a reminder, all Ross Dress for Less® and dd’s DISCOUNTS® locations have been closed since March 20th. The Company had been hoping to reopen stores by April 4th. Unfortunately, the increasing spread of the coronavirus prevents it from doing so.
On Thursday, discount store operator Ross Stores Inc sent a letter to its vendors, notifying them it would cancel all merchandise purchase orders through June 18 due to the impact the novel coronavirus has had on its business. The Dublin, California-based discount store operator said it would also extend payment terms on all existing merchandise payables by 90 days. Paul Rotstein, President and Chief Executive of Gold Medal International of New York City, which supplies accessories like socks and gloves to Ross Stores, said other retailers are making similar moves.
Ross Stores (ROST) has withdrawn fiscal 2020 and first-quarter guidance due to the adverse impact of COVID-19 on its businesses, stemming from aggressive store closures.
Ross Stores, Inc. (NASDAQ: ROST) announced today that given the rapidly escalating developments related to the COVID-19 pandemic, the Company will now temporarily close all Ross Dress for Less® and dd’s DISCOUNTS® locations throughout the United States effective March 20, 2020 through April 3, 2020.
Ross Stores, Inc. (NASDAQ: ROST) provided a business update today in response to the impact of COVID-19 on the Company’s operations. While February sales were ahead of its expectations, the Company has experienced a broad-based deceleration in sales trends over the past week from the continued spread of the virus throughout the country and the mandatory closure of stores in certain markets. Further, additional store closures are expected.
Ross Stores, Inc. (Nasdaq: ROST) announced today that Patricia H. Mueller and Larree M. Renda have been elected to its Board of Directors effective immediately.
Ross Stores (ROST) opens 26 outlets across nine states in February and March. This keeps it on track with its target of inaugurating 100 stores in fiscal 2020.
Ross Stores' (ROST) fourth-quarter fiscal 2019 results benefit from robust sales and comps as well as operating profit growth. However, the coronavirus threat to mar results in fiscal 2020 view.
Ross Stores (ROST) delivered earnings and revenue surprises of 1.59% and 1.05%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
Ross Stores, Inc. (Nasdaq: ROST) today reported earnings per share for the 13 weeks ended February 1, 2020 grew 7% to $1.28 on net income of $456 million. Sales for the fourth quarter of 2019 were $4.4 billion, with comparable store sales up 4% on top of a 4% gain in the prior year period.