Ross Stores demonstrated resilience with growth in total sales and strategic store expansions, but faced challenges with flat comparable store sales, net income decline, and significant impacts from tariffs. The withdrawal of annual guidance due to uncertainties reflects cautious sentiment.

Company Guidance -

Q2 2025

During the Ross Stores First Quarter 2025 Earnings Release Conference Call, the company reported a 3% increase in total sales, reaching $5 billion, with comparable store sales remaining flat compared to the previous year. Earnings per share slightly rose to $1.47 from $1.46 in the prior year, with net income at $479 million versus $488 million for the same period in 2024. The operating margin remained steady at 12.2%. Ross Stores opened 16 new Ross locations and 3 dd's discount locations, planning to open approximately 90 new stores by year-end. Inventory levels increased by 8%, with average store inventories up 4%. The company is navigating tariff impacts, with merchandise margin declining by 45 basis points due to increased ocean freight costs and tariffs, which are projected to impact second-quarter earnings per share by $0.11 to $0.16. Despite uncertainties, Ross Stores aims to maintain a competitive pricing strategy and expects second-quarter comparable store sales to range from flat to a 3% increase, with an operating margin projected between 10.7% and 11.4%, considering a 90 to 120 basis point tariff impact.

Total Sales Growth

Total sales grew 3% to $5 billion, achieving the high end of expectations despite a slow start.

Cosmetics Segment Performance

Cosmetics was the strongest merchandise area during the quarter with broad-based geographic trends.

Store Expansion

Opened 16 new Ross and 3 dd's discount locations, with plans for 90 new stores in 2025.

Stock Repurchase Program

Repurchased 2 million shares for $263 million, with a plan to repurchase $1.05 billion in total for 2025.

Ross Stores (ROST) Earnings, Revenues Date & History

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ROST Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 14, 2025	2025 (Q2)	1.54 / -	1.59	―	―	―
May 22, 2025	2025 (Q1)	1.44 / 1.47	1.46	0.68% (+0.01)	―
Mar 04, 2025	2024 (Q4)	1.66 / 1.79	1.82	-1.65% (-0.03)	―
Nov 21, 2024	2024 (Q3)	1.40 / 1.48	1.33	11.28% (+0.15)	―
Aug 22, 2024	2024 (Q2)	1.50 / 1.59	1.32	20.45% (+0.27)	―
May 23, 2024	2024 (Q1)	1.35 / 1.46	1.09	33.94% (+0.37)	―
Mar 05, 2024	2023 (Q4)	1.67 / 1.82	1.31	38.93% (+0.51)	―
Nov 16, 2023	2023 (Q3)	1.22 / 1.33	1	33.00% (+0.33)	―
Aug 17, 2023	2023 (Q2)	1.16 / 1.32	1.11	18.92% (+0.21)	―
May 18, 2023	2023 (Q1)	1.06 / 1.09	0.97	12.37% (+0.12)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ROST Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 22, 2025	$151.82	$136.87	-9.85%
Mar 04, 2025	$135.14	$137.80	+1.97%
Nov 21, 2024	$141.76	$144.86	+2.19%
Aug 22, 2024	$150.87	$153.53	+1.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.