Ross Stores

Ross Stores

Ross Stores Overview

(S&P Rating: A-)

Founded in 1982, Ross Stores is the leading off-price apparel and home fashion chain in the United States. Headquartered in Dublin, California, the company is led by Barbara Rentler, the 25th-ever female CEO of a Fortune 500 company. Through higher merchandise gross margin and strong expense control, the company grew their operating margin to a record 14.0% in 2016, and generated a record revenue of over $14 billion in 2017, up nearly 10% from the year previous. The company currently places 219th on the Fortune 500 list.

Key Financials (2017)

Total Revenue:$14.13 billion
Year-Over-Year Revenue Growth:9.85%
Gross Profit:$4.09 billion
Net Income:$1.36 billion

Company Information

The Ross stores logo, a rated credit tenant in 1031Gateway's 1031 Exchange Investing ArticlesRoss offers name brand, designer fashions as well as footwear and accessories at 20% to 60% off regular store prices under the brand name, Ross Dress for Less. The company currently operates 1,340 Ross Dress for Less locations across 36 states, D.C., and Guam.

The dd's Discounts logo, a rated credit tenant in 1031Gateway's 1031 Exchange Investing ArticlesRoss Stores is also the owner of dd’s DISCOUNTS, offering name brand and in-season fashions at 20% to 70% off more moderate store prices. Ross currently operates 193 dd’s DISCOUNTS locations in 15 states with plans to open 75 new Ross Dress for Less and 25 new dd’s DISCOUNTS locations in 2018, growing toward an eventual 2,500 Ross-owned stores.

Further Resources

  Company Site | Investor News & Annual Reports | NYSE: ROST

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