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BUSINESS
May 24, 2001 | Bloomberg News
Ross Stores Inc.'s fiscal first-quarter profit fell 15% to $34.7 million, or 43 cents a share, as a decline in consumer spending, combined with bad weather and higher costs, hurt the retailer of lower-price clothing and accessories. The company's profit matched the average estimate of analysts surveyed by First Call/Thomson Financial. Sales rose 6.5% to $674.4 million, Ross Stores said. Shares of Newark, Calif.-based Ross Stores fell 32 cents to close at $24 in Nasdaq trading.
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BUSINESS
April 11, 2013 | By Tiffany Hsu
Consumers shopping during a chilly March gave retail sales for the month a half-hearted push, with spending weighed down by the bitter weather, ongoing economic strains and an earlier Easter that shaved off a full selling day. "The deck was stacked against both retailers and consumers alike," said Ken Perkins, who puts out sales data through Retail Metrics Inc. Sales at stores open at least a year rose 1.5% in March, in line with expectations but...
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BUSINESS
August 19, 1999
* Ross Stores Inc. said its profit rose 19% in its fiscal second quarter to $38.6 million, or 83 cents a share, a penny higher than estimates. The retailer of discounted apparel said sales rose 15% to $615 million and that it kept expenses low.
BUSINESS
May 20, 2004 | From Associated Press
Ross Stores Inc. posted a 1.6% drop in profit Wednesday for its latest quarter as higher distribution costs nibbled away at its bottom line. The discount apparel chain also gave a discouraging profit forecast for the next two quarters. Shares of Ross Stores declined $1.15, or 4.5%, to $24.50 on Nasdaq. They have gained 25% in the last year. Net income for the company's fiscal first quarter ended May 1 fell to $48.5 million, or 32 cents a share, from $49.3 million, or 32 cents, a year earlier.
BUSINESS
August 27, 1990 | From Times Wire Services
Discount clothing retailer Ross Stores Inc. said today net income dropped 29.6% in the second quarter to $5 million, or 21 cents a share, from $7.1 million, or 30 cents a share, a year ago. Sales grew to $193.2 million from $175.6 million in the year-earlier quarter. Stores open more than a year posted flat sales from last year's second quarter. For the six months ended Aug. 4, net income dropped 37.5% to $6.6 million, or 28 cents a share, from $10.
BUSINESS
May 19, 1998 | Bloomberg News
Ross Stores Inc. said fiscal first-quarter earnings rose a greater-than-expected 19% as it boosted sales by offering a wider assortment of brand-name apparel and better controlling inventory. Profit before a charge rose to $28.3 million, or 58 cents a diluted share, from $23.8 million, or 47 cents, a year earlier. The Newark-based discount chain had been expected to earn 55 cents a share. Sales rose 9%, to $484 million from $443 million.
BUSINESS
May 23, 2002 | From Bloomberg News
Ross Stores Inc. said Wednesday that profit rose 37% in its fiscal first quarter to $47.7 million, or 59 cents a share, meeting raised expectations, as it boosted sales and controlled costs. Several other California retailers also announced improved results for the fiscal quarter ended May4. The Newark-based discount retailer benefited from adding more brand-name clothing and home goods, investors said. Sales climbed 22% to $819.6 million, and sales at stores open at least a year jumped 10%.
BUSINESS
October 26, 1989 | Mary Ann Galante, Times staff writer
Two off-price apparel retailers--Ross Stores Inc. and T.J. Maxx--next month will become the two newest anchor tenants at the Tustin Market Place. Ross Stores Inc. expects to open a 25,000-square-foot store on Nov. 1 at the Tustin site, which is at Jamboree Boulevard off Interstate 5. T.J. Maxx also plans to open a 26,000-square-foot store at the center in about two weeks, said Dennis Borowsky, leasing agent with Donahue Schriber of Newport Beach.
BUSINESS
November 19, 2003 | From Times Staff and Wire Reports
Ross Stores Inc. said Tuesday that quarterly profit rose 12% on strong sales of its home furnishings and back-to-school gear. The Newark, Calif.-based retailer reported net income of $50.5 million, or 65 cents a share, in the fiscal third quarter ended Nov. 1, compared with $45.1 million, or 57 cents, a year earlier. Analysts, on average, had expected earnings of 65 cents a share. Revenue increased 12% to $977 million, while sales at stores open at least a year, a key retail measure, rose 2%.
BUSINESS
November 19, 2003 | From Times Staff and Wire Reports
Ross Stores Inc. said Tuesday that quarterly profit rose 12% on strong sales of its home furnishings and back-to-school gear. The Newark, Calif.-based retailer reported net income of $50.5 million, or 65 cents a share, in the fiscal third quarter ended Nov. 1, compared with $45.1 million, or 57 cents, a year earlier. Analysts, on average, had expected earnings of 65 cents a share. Revenue increased 12% to $977 million, while sales at stores open at least a year, a key retail measure, rose 2%.
BUSINESS
November 18, 2003 | Leslie Earnest, Times Staff Writer
Mary Bullard has a sort of love-hate relationship with Ross Dress for Less. She doesn't like the stores because they have narrow aisles, long lines and "way too much stuff." But all that isn't enough to keep her away: The Corona resident spent a recent lunch hour at a Ross in Santa Ana enthusiastically making her way along a rack of women's pants. Latching onto a pair of Levi Strauss hip-hugging, boot-cut jeans, she was delighted to see they were marked down to $10.99 from $48.
BUSINESS
May 23, 2002 | From Bloomberg News
Ross Stores Inc. said Wednesday that profit rose 37% in its fiscal first quarter to $47.7 million, or 59 cents a share, meeting raised expectations, as it boosted sales and controlled costs. Several other California retailers also announced improved results for the fiscal quarter ended May4. The Newark-based discount retailer benefited from adding more brand-name clothing and home goods, investors said. Sales climbed 22% to $819.6 million, and sales at stores open at least a year jumped 10%.
BUSINESS
May 24, 2001 | Bloomberg News
Ross Stores Inc.'s fiscal first-quarter profit fell 15% to $34.7 million, or 43 cents a share, as a decline in consumer spending, combined with bad weather and higher costs, hurt the retailer of lower-price clothing and accessories. The company's profit matched the average estimate of analysts surveyed by First Call/Thomson Financial. Sales rose 6.5% to $674.4 million, Ross Stores said. Shares of Newark, Calif.-based Ross Stores fell 32 cents to close at $24 in Nasdaq trading.
BUSINESS
August 19, 1999
* Ross Stores Inc. said its profit rose 19% in its fiscal second quarter to $38.6 million, or 83 cents a share, a penny higher than estimates. The retailer of discounted apparel said sales rose 15% to $615 million and that it kept expenses low.
BUSINESS
May 19, 1998 | Bloomberg News
Ross Stores Inc. said fiscal first-quarter earnings rose a greater-than-expected 19% as it boosted sales by offering a wider assortment of brand-name apparel and better controlling inventory. Profit before a charge rose to $28.3 million, or 58 cents a diluted share, from $23.8 million, or 47 cents, a year earlier. The Newark-based discount chain had been expected to earn 55 cents a share. Sales rose 9%, to $484 million from $443 million.
BUSINESS
May 20, 2004 | From Associated Press
Ross Stores Inc. posted a 1.6% drop in profit Wednesday for its latest quarter as higher distribution costs nibbled away at its bottom line. The discount apparel chain also gave a discouraging profit forecast for the next two quarters. Shares of Ross Stores declined $1.15, or 4.5%, to $24.50 on Nasdaq. They have gained 25% in the last year. Net income for the company's fiscal first quarter ended May 1 fell to $48.5 million, or 32 cents a share, from $49.3 million, or 32 cents, a year earlier.
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