Ross Stores, Inc. Q3 2025 Earnings Recap

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.