$ROST (Ross Stores Inc.)

$ROST {{ '2015-11-19T22:30:52+0000' | timeago}} • Webcast

During 3Q15, $ROST repurchased 3.6MM shares for a total purchase price of $179MM. YTD, the company bought back a total of 10.4MM shares for an aggregate price of $530MM. Further, the company is on track to repurchase a total of $700MM in stock for the year under the two-year $1.4Bil stock repurchase program approved by the BoD in Feb. 2015.

$ROST {{ '2017-05-18T21:04:25+0000' | timeago}} • Webcast

$ROST said that in terms of California, the company continues to see comps there. Additionally in terms of the breakdown of the new store openings, about a third of $ROST new stores are in the Midwest, about a third are in existing $ROST market outside the Midwest and the remainder at dd's new openings.

$ROST {{ '2017-05-18T20:54:25+0000' | timeago}} • Webcast

$ROST stated that it expects wages to abate in 2H17, as the company anniversaries the most recent wage increases that took place in 2Q16. However, the guidance for 2017 still assumes an SG&A leverage point at about 3%, which is in line with historical averages.

$ROST {{ '2017-05-18T20:30:44+0000' | timeago}} • Announcement

For 2Q17, $ROST expects same store sales to be up 1-2%, on top of a 4% gain a year ago, with EPS of $0.73-0.76, up from $0.71 in 2Q16. Based on 1Q17 results and 2Q17 guidance, $ROST now expects EPS for FY17 to be in the range of $3.07-3.17 compared to $2.83 a year ago.

$ROST {{ '2017-05-18T20:28:57+0000' | timeago}} • Announcement

During 1Q17, $ROST repurchased 3.3MM shares of common stock for an aggregate price of $215MM. The company remains on track to buyback a total of $875MM in common stock during FY17 under the new two-year $1.75Bil authorization approved by its BoD in Feb. 2017.

$ROST {{ '2017-05-18T20:26:11+0000' | timeago}} • Announcement

Off-price department store $ROST reported higher 1Q17 earnings, helped by higher sales and merchandise margins. Net income grew 10.45% to $321.02MM or $0.82 per share from $290.63MM or $0.73 per share a year ago. Revenue for the quarter grew 7% to $3.30Bil, with comparable store sales increasing 3%.

$ROST {{ '2017-02-28T22:14:03+0000' | timeago}} • Webcast

In terms of new markets, $ROST said the Midwest has been its new market and it continues to be the new market. The company added that there is no additional new market outside of the Midwest that it is planning to move into in 2017.

$ROST {{ '2017-02-28T22:09:00+0000' | timeago}} • Webcast

$ROST said that on the cash usage, the company will deliver excess cash to shareholders as it has been doing. The company does not expect that to change going forward and will be using the cash for dividends and share buyback programs.

$ROST {{ '2017-02-28T21:47:35+0000' | timeago}} • Webcast

$ROST expects 1Q17 operating margin to be 14.7-14.9% compared to the year ago operating margin of 15.4%. Additionally, net interest expense for 1Q17 is expected to be about $3.5MM and tax rate is expected to be about 36-37%.

$ROST {{ '2017-02-28T21:43:09+0000' | timeago}} • Webcast

$ROST said that for 4Q16, shoes and men's were the best performing merchandise categories at the company, while the Midwest and Southeast were the strongest regions. On guidance for 2017, the company expects CapEx to be approx. $400MM and depreciation and amortization expense, inclusive of stock based amortization, to be about $400MM.

$ROST {{ '2017-02-28T21:23:04+0000' | timeago}} • Announcement

$ROST's BoD authorized a new program to repurchase $1.75Bil of its common stock over the next two fiscal years. The Board also approved a 19% increase in quarterly cash dividend to $0.16 per share, payable on March 41, 2017 to stockholders of record as of March 10, 2017.

$ROST {{ '2017-02-28T21:21:01+0000' | timeago}} • Announcement

$ROST expects FY17 same store sales growth of 1-2% compared to 4% last year, and EPS of $3.02-3.15, up 7-11% from $2.83 in FY16. For 1Q17, $ROST sees comparable store sales growth of 1-2% and EPS of $0.76-0.79, up from $0.73 in 1Q16. $ROST believes it is prudent to remain somewhat cautious in planning its business for FY17.

$ROST {{ '2017-02-28T21:19:10+0000' | timeago}} • Announcement

$ROST reported a 14% growth in 4Q16 earnings driven by higher sales as well as highly competitive and promotional holiday season. Net income rose to $300.57MM or $0.77 per share from $264.16MM or $0.66 per share last year. Sales grew to $3.51Bil from $3.25Bil. Comparable store sales increased 4%.

$TUES {{ '2016-11-22T19:29:00+0000' | timeago}} • Announcement

$TUES appointed Barry Gluck as a director of the board, effective Jan. 1, 2017. Gluck served in various Senior Management positions with $ROST from 1989 to 2007, most recently as EVP of Merchandising, Marketing and Store Planning and Allocation. Presently Gluck is the Founder and Managing Director of Gluck Consulting LLC.

$ROST {{ '2016-11-17T21:41:29+0000' | timeago}} • Webcast

$ROST expects to end FY16 with 1,338 Ross and 192 dd's DISCOUNTS stores, up 84 locations for 2016. During 3Q16, the company repurchased 2.8MM shares of common stock for a total cost of $179MM. The company is on track to spend a total of $700MM for FY16 to complete the two-year $1.4Bil stock repurchase program approved in Feb. 2015.

$ROST {{ '2016-11-17T21:37:12+0000' | timeago}} • Webcast

$ROST said that operating margin was above plan for 3Q16, up 55BP to 12.6%, helped by higher merchandise margins. Total consolidated inventory rose 4% YoverY, with avg. in-store inventory falling marginally. The company completed its 2016 store opening program during 3Q16, with the addition of 25 new Ross and 9 dd's DISCOUNTS.

$ROST {{ '2016-11-17T21:24:32+0000' | timeago}} • Announcement

$ROST maintained its 4Q16 comparable sales guidance for a 1-2% increase on top of 4% gain in the prior year. For 4Q16, EPS is expected to be $0.72-0.75, up from $0.66 in the year ago quarter. Based on company's YTD results and updated guidance, FY16 EPS is now expected to be $2.78-2.81, up 11-12% on top of a 14% gain a year ago.

$ROST {{ '2016-11-17T21:18:14+0000' | timeago}} • Announcement

Apparel and accessories retailer $ROST reported higher 3Q16 earnings, helped by higher sales. Net income for the quarter rose 13.39% to $244.55MM, or $0.62 per share from $215.66MM, or $0.53 per share a year ago. Sales rose 10.91% to $3.086Bil, with comparable store sales increasing 7% compared to a 3% gain in the year ago period.

$ROST {{ '2016-10-10T23:27:32+0000' | timeago}} • Announcement

Apparel and accessories retailer $ROST said it will open 25 Ross Dress for Less and nine dd's DISCOUNTS stores across 16 different states in Sept. and Oct. These new locations round out the company's 2016 expansion plans to add approx. 90 locations during 2016.

$ROST {{ '2016-08-18T21:16:59+0000' | timeago}} • Webcast

Ike Boruchow of Wells Fargo asks about expenses. $ROST said labor costs will be an expense headwind. Entering 2016, $ROST raised minimum wages across the chain and the impact of these adjustments is reflected in full-year 2016 guidance. In its 2017 planning process $ROST will try to find efficiencies to mitigate further wage increases.

$ROST {{ '2016-08-18T21:07:30+0000' | timeago}} • Webcast

Oliver Chen of Cowen & Co. asks for an update on the ladies business. $ROST said it believes the business has improved slightly in 2Q16. The assortments are moving in the right direction. $ROST believes it is addressing the correct issues in the assortment but it takes time to completely address the merchandise issues.

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