The earnings call presented a balanced view with several positive aspects, such as improved sales trends, geographic expansion, and a strong back-to-school season. However, these were offset by challenges related to tariffs, a decrease in operating margin, and a decline in earnings per share. The company remains cautiously optimistic about future sales growth despite ongoing tariff pressures.

Company Guidance

During the Ross Stores Second Quarter 2025 Earnings Release Conference Call, several key metrics and guidance figures were shared. The company reported total sales growth of 5% to $5.5 billion, with comparable store sales up 2%. Earnings per share (EPS) for the quarter were $1.56 on net income of $508 million, despite a $0.11 per share negative impact from tariff-related costs. For the first half of 2025, EPS were $3.03 on net income of $987 million, with sales for the year-to-date period rising to $10.5 billion. Ross Stores opened 28 new Ross locations and 3 dd's DISCOUNTS stores, contributing to their plan of about 90 new locations for the year. For the third and fourth quarters, the company anticipates comparable store sales growth of 2% to 3%, with EPS expected to range from $1.31 to $1.37 for Q3 and $1.74 to $1.81 for Q4. Overall, for fiscal 2025, EPS is forecasted between $6.08 and $6.21, considering a $0.22 to $0.25 per share impact from tariffs. The company is focused on maintaining a competitive edge through strategic pricing and managing tariff impacts, anticipating that pricing adjustments will help mitigate some challenges in the coming quarters.

Sequential Improvement in Sales Trends

Sales trends showed sequential improvement compared to the first quarter, with positive changes in nearly all major merchandise categories and most regions. Cosmetics were a standout merchandise area, and both traffic and basket size increased.

Geographic Expansion

The company opened 28 new Ross stores and 3 dd's DISCOUNTS locations in Q2, including entries into new markets like the New York Metro area and Puerto Rico, with plans to open 90 new locations this year.

Stock Buyback Program

Repurchased 1.9 million shares of common stock for $262 million in the second quarter, staying on track to buy back a total of $1.05 billion in stock for the year.

Strong Back-to-School Performance

Sales rebounded sharply in July, particularly with early sales performance related to the back-to-school season, indicating strong momentum.

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
Nov 13, 2025	2025 (Q3)	1.40 / -	1.48	―	―	―
Aug 21, 2025	2025 (Q2)	1.53 / 1.56	1.59	-1.89% (-0.03)	―
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)	―

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
Aug 21, 2025	$145.62	$147.25	+1.12%
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%

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.