A Few Small Items

A few items to pass along.

Google (GOOG) split 20-for-1 today. This is the first split in the company’s history. The share price drops 95% but you now have 20 times as many shares. In 2004, the stock went public at $85 per share, which is $4.25 per share in split-adjusted terms.

The earnings “beat rate” this season is running around 60%. That’s below the 5-year average of 77%, but it’s still early.

Trex (TREX) said it will report Q2 earnings on August 8. Wall Street expects 67 cents per share.

Ross Stores (ROST) said that in June and July, it opened 21 Ross Dress for Less stores and eight dd’s DISCOUNTS® stores.

“These recent openings reflect our ongoing commitment to expanding our two chains,” said Gregg McGillis, Group Executive Vice President, Property Development. “This summer, we expanded our presence in our largest markets of California, Florida, and Texas, and also added locations in newer states, including North Carolina for dd’s as well as Ohio for Ross. Looking ahead, we remain confident in our ability to grow to at least 2,900 Ross Dress for Less and 700 dd’s DISCOUNTS locations over time.”

Posted by on July 18th, 2022 at 10:32 am


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