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OFFON

ROSS STORES, INC.

(ROST)
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Ross Stores Names New CFO

09/29/2021 | 05:06pm EST

By Robert Barba

Ross Stores Inc. said Wednesday it has promoted Adam Orvos, who currently oversees the company's supply chain, to chief financial officer effective Oct. 1.

Ross said in a release that Mr. Orvos has 34 years of retail management experience, including serving as finance chief of Neiman Marcus, Belk Department Stores and a division of The May Department Stores Co. Mr. Orvos joined the retailer in January as group senior vice president of supply chain administration.

"Adam is a talented senior executive who brings numerous years of financial leadership and a broad operational background to his new position of CFO for Ross," Chief Executive Barbara Rentler said in prepared remarks.

In July, Ross said that Travis Marquette had resigned as its finance chief to accept a position with another company. Mr. Marquette is now the chief operating officer at Burlington Stores Inc.

Following Mr. Marquette's departure from Ross, the company's finance executives have reported to Operating Chief Michael Hartshorn.

Write to Robert Barba at robert.barba@wsj.com

(END) Dow Jones Newswires

09-29-21 1705ET

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Analyst Recommendations on ROSS STORES, INC.
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Financials (USD)
Sales 2022 18 860 M - -
Net income 2022 1 696 M - -
Net cash 2022 2 778 M - -
P/E ratio 2022 23,5x
Yield 2022 1,02%
Capitalization 40 203 M 40 203 M -
EV / Sales 2022 1,98x
EV / Sales 2023 1,86x
Nbr of Employees 93 700
Free-Float 97,8%
Chart ROSS STORES, INC.
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Ross Stores, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends ROSS STORES, INC.
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TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 113,13 $
Average target price 136,97 $
Spread / Average Target 21,1%
EPS Revisions
Managers and Directors
Barbara Rentler Vice Chairman & Chief Executive Officer
Michael J. Hartshorn Group President, COO & Director
Adam M. Orvos Executive VP, Chief Financial & Accounting Officer
George P. Orban Chairman
Michael K. Kobayashi President-Operations & Technology
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