Adam Orvos
Adam Orvos plans to retire from his role as Chief Financial Officer and from his employment with the Company, effective on September 30, 2025.
Highest-materiality recent filing
Ross Stores stockholders elect nine directors and approve 2026 equity plan at annual meeting
Elected 9 directors with each receiving >249M votes; lowest support was Michael J. Bush at 249.3M for.
Ross Stores Q1 EPS $2.02 beats guidance; comps +17%, raises FY outlook
First quarter EPS $2.02, up 37% YoY, significantly above guidance of $1.60-$1.67.
Ross Stores Q4 EPS $2.00 beats $1.77-$1.85 guidance; new $2.55B buyback, dividend +10%
Q4 sales $6.6B (+12% YoY); comp store sales +9% on top of +3% last year.
Ross Stores appoints K. Gunnar Bjorklund as Chairman; Balmuth to retire
Michael Balmuth steps down as Executive Chairman and retires from Board effective Jan 31, 2026.
Ross Stores Q3 EPS $1.58 beats guidance; raises FY 2025 outlook to $6.38-$6.46
Q3 net income $512M ($1.58 EPS) vs $489M ($1.48 EPS) last year; sales +10% to $5.6B, comps +7%.
Ross Stores appoints William Sheehan as CFO, replacing retiring Adam Orvos effective Oct 1
Adam Orvos retires as CFO on Sep 30, 2025; William Sheehan succeeds as EVP and CFO on Oct 1, 2025.
Ross Stores Q2 EPS $1.56, down from $1.59; guides full-year $6.08-$6.21 below $6.32
Q2 net income $508M ($1.56 EPS) vs $527M ($1.59) last year; includes ~$0.11 tariff impact.
Ross Stores enters new $1.3B revolving credit facility, replaces prior facility
New $1.3B senior unsecured revolving credit facility effective June 27, 2025, expiring June 2030, with two optional one-year extensions.
Ross Stores annual meeting elects 11 directors, approves say-on-pay, ratifies auditor
All 11 director nominees elected; highest votes for James G. Conroy (272,396,179 for).
Ross Stores Q1 EPS $1.47 (flat YoY); withdraws FY guidance citing tariff uncertainty
Q1 EPS $1.47 vs $1.46; net income $479M vs $488M; sales $5.0B; comparable store sales flat.
Ross Stores Q4 EPS $1.79, sales $5.9B; guides Q1 EPS $1.33-$1.47; raises dividend 10%
Q4 EPS $1.79 (vs $1.82 prior 14-week period); net income $587M; sales $5.9B; comps +3%.
Ross Stores CFO Adam Orvos to retire Sept 30, 2025; William Sheehan named successor
Adam Orvos (60) will retire as EVP & CFO effective September 30, 2025.
Ross Stores Q3 EPS $1.48, net income $489M; comps +1% weak; FY25 EPS guidance $6.10-$6.17
Q3 EPS $1.48 vs $1.33 a year ago; net income $489M vs $447M; sales $5.1B vs $4.9B.
Ross Stores names Boot Barn CEO James Conroy as next CEO; Barbara Rentler to step down
James Conroy appointed CEO effective Feb 2, 2025; will join as CEO-Elect on Dec 2, 2024 and elected to Board.
Karen Fleming promoted to President and CMO of Ross Dress for Less; Karen Sykes promoted to President and CMO of dd's DISCOUNTS.
Ross Stores Q2 EPS $1.59 beats prior year $1.32; raises full-year guidance to $6.00-$6.13
Q2 net sales $5.3B (+7% YoY); comp store sales +4%.
All 11 director nominees elected; Barbara Rentler received 277.7M for vs 3.7M against.
Ross Stores Q1 EPS $1.46 beats prior year $1.09; FY24 EPS guidance raised to $5.79-$5.98
Q1 net earnings $488M, EPS $1.46 vs $371M, $1.09; sales $4.9B (+8% YoY).
Ross Stores beats Q4 expectations with EPS $1.82, raises dividend, authorizes $2.1B buyback
Q4 EPS $1.82 vs $1.31 prior year; net income $610M (up 36%); sales $6.0B; comp store sales +7%.
Ross Stores promotes Karen Fleming to President and CMO of dd's DISCOUNTS effective April 1, 2024
Karen Fleming promoted to President and Chief Merchandising Officer of dd's DISCOUNTS, effective April 1, 2024, reporting to CEO Barbara Rentler.
Ross Stores Q3 EPS $1.33, net income $447M; comp sales +5%; Q4 EPS guidance $1.56-$1.62
Q3 EPS $1.33 vs $1.00; net income $447M vs $342M; revenue $4.9B vs $4.6B.
Ross Stores names Stephen Brinkley as President, Operations, effective Oct 30, 2023
Brinkley will report to Group President & COO Michael Hartshorn; responsibilities include Property Development, Stores, Supply Chain.
Ross Stores appoints Michael Balmuth as Executive Chairman; Orban steps down as Chair
Effective Sept 1, 2023, Michael Balmuth returns as Executive Chairman; George Orban remains a director.
Ross Stores Q2 EPS $1.32 beats $1.11 prior year; raises FY guidance
Q2 net income $446M ($1.32 EPS) vs $385M ($1.11) YoY; sales $4.9B, +5% comps.
Ross Stores CEO Barbara Rentler to serve as CEO through Jan 2026 under new succession plan
CEO succession plan: Barbara Rentler remains CEO through Jan 31, 2026, then Senior Advisor through Mar 31, 2027.
Ross Stores shareholders elect all 11 director nominees, approve say-on-pay
All 11 director nominees elected; highest votes for Barbara Rentler (288.3M for) and lowest for K. Gunnar Bjorklund (278.2M for).
Ross Stores Q1 EPS $1.09 vs $0.97; guides FY EPS $4.77-$4.99
Q1 net earnings $371M, EPS $1.09 (up from $338M, $0.97 YoY); sales $4.5B (+5% YoY).
Ross Stores amends bylaws to adopt universal proxy rules and enhance advance notice provisions
Added provisions for SEC universal proxy rules (Rule 14a-19) effective immediately.
Ross Stores Q4 EPS $1.31 beats guidance; raises dividend 8%; FY23 EPS guidance $4.65-$4.95
Q4 EPS $1.31 vs $1.04 prior year; net income $447M; sales $5.2B; comp store sales up 1%.
Ross Stores appoints Jeffrey Burrill as Chief Accounting Officer effective Dec 16, 2022
Jeffrey Burrill, 53, appointed CAO and designated principal accounting officer.
Ross Stores Q3 EPS $1.00, comps down 3%; raises Q4 guidance to $1.13-$1.26
Q3 diluted EPS $1.00 (net income $342M) vs $1.09 ($385M) a year ago; beat company expectations.
Ross Stores elects Edward G. Cannizzaro to Board of Directors effective Oct 14, 2022
Cannizzaro, former KPMG Global Head of Quality, Risk & Regulatory, joins 11-member board.
Ross Stores Q2 EPS $1.11 down 20%; comps -7%; cuts FY2022 guidance to $3.84-$4.12
Q2 EPS $1.11 vs $1.39 last year; net income $385M vs $494M.
Ross Stores extends President/CMO Brian Morrow's term to 2026 with transition to consultant role
Morrow remains President/CMO - dd's through March 31, 2024, then transitions to Consultant through March 31, 2026.
All 10 director nominees elected, with votes in favor ranging from ~283M to ~296M shares.
Ross Stores Q1 EPS $0.97 vs $1.34; cuts FY2022 outlook as sales decline 7%
Q1 EPS $0.97 ($338M net income) vs $1.34 last year; includes $0.06 benefit from expense timing.
Ross Stores Q4 EPS $1.04 vs $1.28 in 2019, guides FY22 EPS $4.71-$5.12
Q4 EPS $1.04 (net $367M) vs $1.28 (net $456M) in 2019; sales $5.0B, comps up 9% vs 2019.
Ross Stores enters $1.3B revolving credit facility, replacing $800M prior facility
New $1.3B senior unsecured revolving credit facility expires February 2027; replaces $800M facility.
Michael Kobayashi named President and Chief Capability Officer under new agreement effective Feb 1, 2022.
Ross Stores Q3: EPS $1.09, sales $4.6B, +14% comp; guides Q4 EPS $0.83-$0.93
Net income $385M, EPS $1.09 vs $1.03 in Q3 2019 (pre-COVID baseline).
Ross Stores appoints Adam Orvos as EVP and CFO effective October 1
Adam Orvos, 57, promoted from Group SVP Supply Chain to EVP and CFO, reporting to Group President Michael Hartshorn.
Ross Stores Q2 EPS $1.39 (up 22% vs 2019), sales $4.8B; raises FY guidance
Q2 EPS $1.39 (up 22% vs 2019), net income $494M; sales $4.8B (+21% vs 2019).
Ross Stores CFO Travis Marquette resigns; COO Michael Hartshorn named interim
Travis Marquette resigned as EVP, CFO, and Principal Accounting Officer effective July 12, 2021, to accept another position.
Adam Orvos plans to retire from his role as Chief Financial Officer and from his employment with the Company, effective on September 30, 2025.
William Sheehan has been appointed as Deputy Chief Financial Officer, effective on February 16, 2025
Mr. Conroy has also been elected as a member of the Board, effective on his first day of employment with the Company.
she will also step down from the Board at that time.
Ms. Rentler will cease to serve as CEO and will no longer be an executive officer of the Company, effective as of the end of the current fiscal year (February 1, 2025)
the Company and Karen Sykes agreed on her promotion to the position of President and Chief Merchandising Officer, dd's DISCOUNTS
Karen Fleming agreed on her promotion to the position of President and Chief Merchandising Officer, Ross Dress for Less
Mr. Morrow will transition to a consultant role effective April 1, 2024.
On January 30, 2024, Ross Stores, Inc. (the “Company”) and Karen Fleming agreed on her promotion to the position of President, Chief Merchandising Officer – dd’s DISCOUNTS, with an expected start date in her new position of April 1, 2024
On September 29, 2023, Stephen Brinkley accepted an offer from Ross Stores, Inc. (the “Company”) to join the Company as its President, Operations, with an expected start date of October 30, 2023.
Concurrently with the election and appointment of Mr. Balmuth, George P. Orban will step down as Chairman of the Board while remaining on the Board of Directors.
Effective September 1, 2023, the Board of Directors of Ross Stores, Inc. (the “Company”) has elected Michael Balmuth as a member of the Board of Directors and appointed him as Executive Chairman.
Max materiality 0.85 · Median 0.70 · Most common event earnings