Ross Stores Opens 42 New Locations

Good news from Ross Stores (ROST). The company is opening 42 new locations.

Ross Stores, Inc. announces the recent opening of 30 Ross Dress for Less® (“Ross”) and 12 dd’s DISCOUNTS® stores across 19 different states in September and October. These new locations complete the Company’s store growth plans for fiscal 2019 with the addition of 98 new stores.

“This fall, we continued to expand our Ross and dd’s footprints across our existing markets as well as expansion in our newer market – the Midwest. The 42 locations we added this fall included nine stores in our newer Midwest markets of Illinois, Indiana, Kentucky, Nebraska, and Ohio. In addition, dd’s DISCOUNTS entered the state of Virginia with the opening of one new store and now operates in 19 states,” said Jim Fassio, President and Chief Development Officer. “Looking ahead, we remain confident in our ability to grow to 2,400 Ross Dress for Less and 600 dd’s DISCOUNTS locations over time.”

Together, Ross Dress for Less® and dd’s DISCOUNTS® currently operate 1,811 off-price apparel and home fashion stores in 39 states, the District of Columbia, and Guam.

For fiscal Q3 (ending in October), Ross expects earnings of 92 to 96 cents per share. For Q4 (ending in January), which is their biggest, Ross sees earnings of $1.20 to $1.25 per share. That adds up to full-year guidance of $4.41 to $4.50 per share.

Posted by on October 15th, 2019 at 10:21 am


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