DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (Nasdaq: ROST) announced today that its Board of Directors has approved the following Board Chair succession plan: As previously communicated, Michael Balmuth will step down as Executive Chairman of the Board on January 31, 2026, and will continue to serve as a Senior Advisor to the Company through March 31, 2026. Mr. Balmuth has advised that w...
Ross Stores demonstrates a resilient business model with strong Q3 results, highlighted by 7% comparable store sales growth and solid execution. ROST exceeded Q3 revenue and EPS expectations, with improved operating margins and positive guidance for 2025, underscoring management's effective strategy. Despite operational strengths, ROST's current valuation lacks an attractive margin of safety, t...
Shares of an off-price apparel retailer climbed after the company touted its success in the back-to-school season and issued a rosy outlook for the critical holiday quarter. Meanwhile, a database software firm remained under pressure as questions linger about its valuation and capacity to meet lofty targets.
Major U.S. equities indexes gained Friday afternoon as comments from a Federal Reserve official boosted confidence in the likelihood of an interest rate cut in December. The Dow climbed 1.4%, the S&P 500 rose 1.2%, and the Nasdaq was up 1.1%.
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