Ross Stores, Inc. Earnings Recaps
Q4 2026
Mar 4, 2026
Ross Stores reported a strong fourth quarter, with total sales increasing by 12% to $6.6 billion and earnings per share of $2, exceeding expectations amidst robust growth in customer transactions.
Key takeaways
- Comparable store sales rose by 9%, driven by increased foot traffic and healthy performance across all merchandise categories.
- Operating margin improved by 95 basis points, reflecting effective cost management and strong sales leverage, despite a slight year-over-year decline.
- The company opened 80 Ross Dress for Less and 10 dd's DISCOUNTS stores in 2025, with plans to accelerate growth by adding 110 new locations in 2026.
- Inventory levels are well-managed, with an 8% year-over-year increase and ample availability anticipated to support ongoing sales momentum.
- Positive customer engagement from recent marketing efforts is expected to further enhance growth as the company enters FY 2026.
Q3 2025
Nov 21, 2025
Ross Stores reported robust third-quarter results with total sales rising 10% year-over-year to $5.6 billion, driven by strong comparable store sales growth of 7% and effective inventory management.
Key takeaways
- Operating margin reached 11.6%, outperforming expectations despite tariff-related costs impacting margins by approximately $0.05 per share.
- EPS for Q3 came in at $1.58, up from $1.48 in the prior year, with year-to-date EPS at $4.61.
- Continued investment in opening new stores resulted in a total of 90 new locations for the year, expanding market reach, particularly in the New York Metro Area.
- The successful implementation of a branded merchandise strategy has enhanced product availability and vendor partnerships, driving improved customer engagement and sales.
- Q4 guidance raised, expecting comparable store sales growth of 3% to 4% with EPS projected between $1.77 and $1.85, reflecting a positive outlook for the holiday season.