Strong Sales Growth
Total sales for the third quarter grew 10% to $5.6 billion with comparable store sales increasing by 7%.
Operating Margin and Earnings Per Share
Operating margin was 11.6%, stronger than expected. Earnings per share were $1.58, compared to $1.48 in the prior year.
Successful Expansion and Store Openings
Opened 36 new Ross Stores and four DD's discount stores in Q3, completing a total of 90 new locations for 2025.
Positive Outlook and Raised Guidance
Raised Q4 comparable store sales forecast to 3-4% and fiscal 2025 earnings per share guidance to $6.38 - $6.46.
Successful Implementation of Branded Strategy
The branded strategy helped improve sales, particularly in the ladies' category, which comped above the chain average.