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DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (Nasdaq: ROST) today appear balance per allotment for the third division concluded October 28, 2017 of $.72, a 16% access from $.62 aftermost year. Net balance grew to $274 million, up from $245 actor in the above-mentioned year. Third division sales rose 8% to $3.3 billion, with commensurable abundance sales up 4% on top of a able-bodied 7% access aftermost year.
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Ross Dress for Less - 52 Photos | Ross Dress For Less Hwy 280For the aboriginal nine months of budgetary 2017, balance per allotment were $2.36, up 15% on top of an 11% accretion aftermost year. Net balance were $912 million, compared to $817 actor in the above-mentioned year. Sales year-to-date rose 8% to $10.1 billion, with commensurable abundance sales up 4% adjoin a 4% accretion in the aforementioned aeon aftermost year.
Barbara Rentler, Chief Executive Officer, commented, “Our third division sales and balance outperformed our expectations admitting actuality up adjoin our toughest above-mentioned year comparisons and two above hurricanes during the quarter. We are admiring with these able results, which reflect our connected bazaar allotment assets in a arduous retail environment. Operating allowance of 13.3% was better-than-expected, mainly due to a accumulated of college commodity allowance and advantage on above-plan sales.”
Ms. Rentler continued, “During the third division and aboriginal nine months of budgetary 2017, we repurchased 3.6 actor and 10.5 actor shares of accepted stock, respectively, for an accumulated amount of $219 actor in the division and $649 actor year-to-date. We abide on clue to buy aback a absolute of $875 actor in accepted banal during budgetary 2017 beneath the two-year $1.75 billion allotment accustomed by our Board of Directors in February of this year.”
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Ross Dress for Less plans October opening for Milwaukee store ... | Ross Dress For Less Hwy 280Looking ahead, Ms. Rentler said, “Given our better-than-expected trends in the third quarter, we are adopting our sales expectations for the fourth quarter. For the 13 weeks catastrophe January 27, 2018, commensurable abundance sales are now anticipation to access 2% to 3% adjoin a 4% accretion aftermost year. Balance per allotment for the 14 weeks catastrophe February 3, 2018 are projected to be $.88 to $.92, up from $.77 in the above-mentioned year period. Based on this adapted advice and our year-to-date results, we are now planning balance per allotment for budgetary 2017 to be in the ambit of $3.24 to $3.28. As a reminder, both our fourth division and abounding year advice accommodate an almost $.08 account to balance per allotment from the 53rd anniversary in budgetary 2017.”
The Aggregation will host a appointment alarm on Thursday, November 16, 2017, at 4:15 p.m. Eastern time to accommodate added capacity apropos its third division after-effects and management’s angle for the butt of the year. A real-time audio webcast of the appointment alarm will be accessible in the Investors area of the Company’s website, amid at www.rossstores.com. An audio playback will be accessible at 404-537-3406, PIN #6788429 until 8:00 p.m. Eastern time on November 24, 2017, as able-bodied as on the Company’s website.
Forward-Looking Statements: This columnist absolution contains advanced statements apropos accepted sales, balance levels, and added banking after-effects in approaching periods that are accountable to risks and uncertainties which could account our absolute after-effects to alter materially from management’s accepted expectations. The words “plan,” “expect,” “target,” “anticipate,” “estimate,” “believe,” “forecast,” “projected,” “guidance,” “outlook,” “looking ahead” and agnate expressions analyze advanced statements. Accident factors for Ross Dress for Less®(“Ross”) and dd’s DISCOUNTS®include after limitation, aggressive pressures in the accoutrement or home-related commodity bartering industry; changes in the akin of chump spending on or preferences for accoutrement and home-related merchandise; bazaar availability, quantity, and affection of adorable cast name commodity at adorable discounts and our buyers’ adeptness to acquirement commodity that enables us to action barter a advanced array of commodity at aggressive prices; impacts from the macro-economic environment, banking and acclaim markets, and geopolitical altitude that affect chump aplomb and chump disposable income; our adeptness to always attract, train, and absorb assembly to assassinate our off-price strategies; awkward acclimate trends; abeyant advice or abstracts aegis breaches, including cyber-attacks on our transaction processing and computer advice systems, which could aftereffect in annexation or crooked acknowledgment of customer, acclaim card, employee, or added clandestine and admired advice that we handle in the accustomed advance of our business; abeyant disruptions in our accumulation alternation or advice systems; issues involving the quality, safety, or actuality of articles we sell, which could abuse our reputation, aftereffect in absent sales, and/or access our costs; our adeptness to finer administer our inventories, markdowns, and account curtailment to accomplish planned gross margin; changes in U.S. tax or assessment action apropos accoutrement and home-related commodity produced in added countries that could abnormally affect our business; animation in revenues and earnings; an adverse aftereffect in assorted legal, regulatory, or tax matters; a accustomed or counterfeit adversity in California or in addition arena area we accept a absorption of stores, offices, or a administration center; abrupt issues or costs from accretion in absolute markets and entering new geographic markets; accepting adequate new abundance sites with favorable chump demographics; accident to our accumulated acceptability or brands; finer announcement and business our brands; issues from affairs and importing commodity produced in added countries; and advancement acceptable clamminess to abutment our continuing operations, new abundance and administration centermost advance plans, and banal repurchase and allotment programs. Added accident factors are set alternating in our SEC filings including after limitation, the Form 10-K for budgetary 2016, and Form 10-Qs and 8-Ks for budgetary 2017. The factors basal our forecasts are activating and accountable to change. As a result, our forecasts allege alone as of the date they are accustomed and do not necessarily reflect our angle at any added point in time. We do not undertake to amend or alter these advanced statements.
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Ross Dress for Less - Department Stores - 7348 S Olympia Ave ... | Ross Dress For Less Hwy 280Ross Stores, Inc. is an S&P 500, Fortune 500 and Nasdaq 100 (ROST) aggregation headquartered in Dublin, California, with budgetary 2016 revenues of $12.9 billion. The Aggregation operates Ross Dress for Less® (“Ross”), the better off-price accoutrement and home appearance alternation in the United States with 1,412 locations in 37 states, the District of Columbia and Guam as of October 28, 2017. Ross offers first-quality, in-season, name cast and artist apparel, accessories, footwear, and home fashions for the absolute ancestors at accumulation of 20% to 60% off administration and specialty abundance approved prices every day. The Aggregation additionally operates 215 dd’s DISCOUNTS® in 16 states as of October 28, 2017 that affection a added moderately-priced array of first-quality, in-season, name cast apparel, accessories, footwear, and home fashions for the absolute ancestors at accumulation of 20% to 70% off abstinent administration and abatement abundance approved prices every day. Added advice is accessible at www.rossstores.com.
October 29, 2016
October 29, 2016
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Ross Dress for Less to open Ala Moana, Iwilei stores | KHON2 | Ross Dress For Less Hwy 280Ross Stores, Inc.
Cash Flows From Operating Activities
Adjustments to accommodate net balance to net banknote provided by operating activities:
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