Tag Archives: Michael Balmuth

Ross Logs Q2 Net Increase

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DUBLIN, Calif.-With sales and merchandise margins both on the upswing, Ross Stores Inc. posted second-quarter net income of $239.6 million, up 12.4 percent from the second quarter of last year. Net sales in the quarter, which ended on Aug. 2, rose 7 percent to $2.7 billion, including a pickup of 2 percent in same-store sales.More »

Last updated: August 22, 2014

Ross Stores Q1 Net Rises 4 Percent

Ross Stores

DUBLIN, Calif.-Thanks to rising sales and controlled expenses, Ross Stores posted a first-quarter net-income gain of 4 percent, to $243.9 million. Net sales in the quarter, which ended on May 3, picked up 5.5 percent to finish at $2.7 billion. This included a same-store sales gain of 1 percent. According to Michael Balmuth, Ross’ viceMore »

Last updated: May 23, 2014

Ross Names Rentler CEO in Management Shifts

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DUBLIN, Calif.-Barbara Rentler, Ross Stores’ president and chief merchandising officer, will succeed Michael Balmuth as the retailer’s CEO on June 1. As announced in August 2012, Balmuth, who is also the company’s vice chairman, will become executive chairman on that date and continue to play an active role in its management. In addition, current ChairmanMore »

Last updated: May 7, 2014

Ross Stores Net Rises 7.6 Percent in Q3

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PLEASANTON, Calif.-An increase in sales helped Ross Stores to beef up its bottom line by 7.6 percent, to $171.6 million, in the third quarter ending on Nov. 2. Net sales were up 6 percent to $2.4 billion, and included a same-store sales gain of 2 percent. Michael Balmuth, Ross’ vice chairman and CEO, said theMore »

Last updated: November 22, 2013

Ross Stores Net Rises 17.1 Percent in Q2

Ross Stores

PLEASANTON, Calif.-Improved sales and gross margin bolstered Ross Stores’ second-quarter net income by 17.1 percent to $213.1 million. Net sales in the quarter, which ended on Aug. 3, rose 9 percent to $2.6 billion, including a gain of 4 percent in same-store sales. Gross margin increased 70 basis points to 28.5 percent. Both of theseMore »

Last updated: August 23, 2013