Ross Stores Issues Business Update Related to COVID-19
Ross Stores, Inc. (ROST)
Last ross stores, inc. earnings: 3/3 04:01 pm
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US:NASDAQ Investor Relations:
investors.rossstores.com
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Source: Business Wire
DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (NASDAQ: ROST) provided a business update today in response to the impact of COVID-19 on the Company’s operations. While February sales were ahead of its expectations, the Company has experienced a broad-based deceleration in sales trends over the past week from the continued spread of the virus throughout the country and the mandatory closure of stores in certain markets. Further, additional store closures are expected.As a result of this unprecedented period of uncertainty, including the unknown duration and overall impact on consumer demand, the Company is withdrawing its first quarter and 2020 full year sales and earnings guidance issued on March 3, 2020. To preserve financial liquidity, and out of an abundance of caution, management is also temporarily suspending the Company’s stock repurchase program and is drawing down $800 million under its revolving credit facility to add to its cash balances. In addition, the Company is
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News
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- Ross Stores (NASDAQ:ROST) Reports Sales Below Analyst Estimates In Q3 Earnings, But Stock Soars 5.2% [Yahoo! Finance]Yahoo! Finance
ROST
Earnings
- 11/21/24 - Beat
ROST
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form SC
- 10/28/24 - Form 8-K
- ROST's page on the SEC website