Every material Form 8-K Ross Stores filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Ross Stores reported third-quarter earnings per share of $1.48 for the 13 weeks ended November 2, 2024, up from $1.33, on sales of $5.1 billion, up from $4.9 billion, with comparable store sales up 1%. The company said sales were below plan, but it now expects fiscal 2024 earnings per share of $6.10 to $6.17, compared with $5.56 last year, and fourth-quarter earnings per share of $1.57 to $1.64, compared with $1.82 for the prior-year fourth quarter.
Q3 diluted EPS $1.48 vs. $1.33 a year earlier; net earnings $489 million vs. $447 million
Q3 sales $5.1 billion vs. $4.9 billion; operating margin 11.9% vs. 11.2%
Fourth-quarter EPS guidance $1.57 to $1.64 vs. $1.82 last year, including about $0.03 unfavorable packaway timing impact
Fiscal 2024 EPS now expected at $6.10 to $6.17 vs. $5.56 last year; $1.05 billion buyback planned for fiscal 2024
Ross Stores' board appointed James G. Conroy, currently CEO of Boot Barn, as Chief executive officer succeeding Barbara Rentler effective February 2, 2025. He joins as CEO-Elect and a board member on December 2, 2024, and the board will expand to 12 members, so shareholders see a planned leadership transition with no financial results reported in this filing.
Conroy joins December 2, 2024 as CEO-Elect, reporting to Executive Chairman Michael Balmuth, and becomes CEO February 2, 2025
Rentler steps down as CEO and from the board at fiscal year end February 1, 2025, then serves as Senior Advisor through March 31, 2027
Conroy's pay includes a salary of not less than $1,450,000, a target bonus of 200% of salary, an $8,000,000 notional RSU award, a $7,625,000 sign-on bonus, and a $32,200,000 notional restricted stock award
Ross Stores announced that Karen Fleming will become President and Chief Merchandising Officer of Ross Dress for Less, and Karen Sykes will become President and Chief Merchandising Officer of dd's DISCOUNTS, both effective December 1, 2024. Both will continue to report to CEO Barbara Rentler, and the company says the changes should support its off-price strategy, though the filing discloses no financial results.
Karen Fleming moves from dd's DISCOUNTS to lead merchandising at Ross Dress for Less; her agreement sets salary of not less than $1,140,000 and a restricted stock award with a face value of $3,500,000.
Karen Sykes will replace Fleming at dd's DISCOUNTS; her agreement sets salary of not less than $960,000 and a restricted stock award with a face value of $3,000,000.
Both promotions take effect December 1, 2024, and both executives will report directly to CEO Barbara Rentler.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Ross Stores filing is on SEC EDGAR ↗. 8-K briefs of other companies →