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The Ross Stores (ROST) Stock Fell 5% Because of What?

AMHC

AMHC

The apparel retail company Ross Stores Inc (ROST) saw its share price decline by nearly 5% in extended trading. The regular session saw the company’s stock price falling 2.43% to $117.64 at the ring of the bell. The decline followed by the release of its weaker-than-before quarterly results for the Q4 and full-year 2020.

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What happened?


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Under the Ross Dress for Less and dd’s DISCOUNTS brands, Ross Stores, Inc. operates off-price retail stores for apparel and home fashions. This company mainly sells clothing, accessories, shoes, and home fashions in its stores. In department and specialty stores, Ross Dress for Less sells products primarily to middle-class households. Customers from low-income households are offered regular prices at dd’s DISCOUNTS stores. The chain was operating more than 1,850 off-price clothing and home fashion locations in over 40 states, the District of Columbia, and Guam as of February 3, 2021.

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Ross Stores today reported its financial results for the fourth quarter and full-year 2020.

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