97.33 +0.13 (0.14%)
After hours: 4:11PM EDT
|Bid||97.02 x 900|
|Ask||98.97 x 1800|
|Day's Range||96.49 - 99.11|
|52 Week Range||56.30 - 124.16|
|Beta (5Y Monthly)||0.81|
|PE Ratio (TTM)||21.13|
|Earnings Date||Aug. 20, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar. 16, 2020|
|1y Target Est||101.46|
Stocks edged down Friday morning as ongoing signs of the economic damage from the coronavirus pandemic compounded with fears of rising U.S.-China tensions. A slew of quarterly corporate earnings results came in mixed.
Ross Stores (ROST) Q1 results were affected by temporary store closures due to the COVID-19 crisis as well as operating loss. Also, it withdrew second-quarter and fiscal 2020 views.
Before we get started, on behalf of Ross Stores, I would like to note that the comments made on this call may contain forward-looking statements regarding expectations about future operations and financial results, including store openings and reopenings and other matters that are based on the Company's current forecast of aspects of its future business. Now I would like to turn the call over to Barbara Rentler, Chief Executive Officer. Joining me on our call today are Michael Hartshorn, Group President and Chief Operating Officer; Travis Marquette, Group Senior Vice President and Chief Financial Officer; and Connie Kao, Vice President, Investor Relations.
Ross Stores (ROST) delivered earnings and revenue surprises of -2800.00% and -11.77%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
Ross Stores, Inc. (NASDAQ: ROST) today reported its financial results for the fiscal 2020 first quarter. Both sales and earnings reflect the closure of all Ross Dress for Less® and dd’s DISCOUNTS® locations starting on March 20th through the quarter end due to the ongoing spread of COVID-19 throughout the United States.
Wall Street's main indexes eased on Thursday from more than two-month highs hit in the previous session, as growing Sino-U.S. tensions and concerns about a rebound from a coronavirus-led economic slump hit sentiment. The three indexes have risen in four of the past five sessions, but have lost steam amid mixed headlines on progress in developing a coronavirus vaccine and a return of U.S.-China trade tensions to the forefront. U.S. Secretary of State Mike Pompeo on Wednesday again criticized Beijing's handling of the outbreak and a Chinese official said the country will not flinch from any escalation in tensions.
Stocks in the Nasdaq Composite (NASDAQINDEX: ^IXIC) were down slightly more than broader-based indexes, with the Composite dropping almost 1% shortly after 11:45 a.m. EDT. The Nasdaq 100 Index was similarly down by nearly 1%. Among notable stocks in the Nasdaq 100, Ross Stores (NASDAQ: ROST) saw a nice gain as investors hoped that the discount apparel retailer would be able to follow in the footsteps of one of its closest industry peers.
Retail stocks' results are expected to reflect soft demand for non-essentials and discretionary items, offset by the increased stock-piling trend of essential goods, medicines and food in March.
Ross Stores' (ROST) first-quarter fiscal 2020 results are expected to reflect the impacts of store closures and higher costs due to the coronavirus pandemic.
Former Chairman & CEO of Toys 'R' Us and current CEO of Storch Advisors Jerry Storch joins Yahoo FInance’s Seana Smith to discuss the worse than expected drop in April’s retail sales and which sectors have been especially hard.
Ross Stores (ROST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Dublin, CA, May 07, 2020 -- Dublin, California -- Ross Stores, Inc. (NASDAQ: ROST) will announce its first quarter 2020 earnings results on Thursday, May 21,.
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Ross Stores (ROST) joins other retailers in furloughing employees from Apr 5 as a result of extended store closures stemming from the coronavirus outbreak.
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Ross Stores, Inc. (NASDAQ: ROST) announced today further updates regarding the COVID-19 pandemic and additional steps management is taking in response to this rapidly-evolving situation. As a reminder, all Ross Dress for Less® and dd’s DISCOUNTS® locations have been closed since March 20th. The Company had been hoping to reopen stores by April 4th. Unfortunately, the increasing spread of the coronavirus prevents it from doing so.
Whirlpool (WHR) withdraws 2020 guidance in the wake of the adverse impact of COVID-19 on its businesses. Also, it pulls out $2.2 billion from its current revolving credit facility.