Companies /Consumer Cyclical

Ross Stores Inc

NASDAQ: ROST Apparel Retail
$232.63
▼ $0.77 (−0.33%) today
Markets open · 11:28am ET

Q4 2025 Earnings

Reported Mar 3, 2026, 4:03pm ET · SEC source
$2.00
Beat +4.90%
EPS · est. $1.91 GAAP

Prior year Q4 included a $0.14 per share gain from the sale of a packaway facility; current year full-year results include an approximate $0.16 per share impact from tariff-related costs

$6.6B
Beat +3.10%
Revenue · est. $6.4B
+7.4%
Beating market
ROST vs S&P since report
8 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%Mar 3Mar 4report 4:03pm ETearnings+1.0%+3.3%
−3%0+3%Mar 3Mar 4earnings+1.0%+3.3%
ROST +3.3%S&P 500 +1.0%
−3%0+3%Mar 3Mar 4report 4:03pm ETearnings+1.8%+3.3%
−3%0+3%Mar 3Mar 4earnings+1.8%+3.3%
ROST +3.3%NASDAQ +1.8%
−6%−3%0+3%Mar 2Mar 11report 4:03pm ETearnings−0.5%+1.1%
−6%−3%0+3%Mar 2Mar 11earnings−0.5%+1.1%
ROST +1.1%S&P 500 −0.5%
−6%−3%0+3%Mar 2Mar 11report 4:03pm ETearnings+1.0%+1.1%
−6%−3%0+3%Mar 2Mar 11earnings+1.0%+1.1%
ROST +1.1%NASDAQ +1.0%
+8.03%
Day of report
+0.61%
Next session
−0.30%
One week
+3.60%
30 days

S&P 500 over the same 30 days: −3.82%.

Did ROST Beat Earnings? Q4 2025 Results

Ross Stores posted a standout fourth quarter, with GAAP diluted EPS of $2.00 beating the $1.91 consensus estimate by 4.90% and revenue of $6.64 billion topping expectations by 3.10%, up 12.20% from the year-ago period. The headline driver was a 9% surge in comparable store sales, layered on top of a 3% gain in the prior year, which pushed operating margin to 12.3% and well above the company's own guidance range. The GAAP figures carry some context worth noting: the prior-year quarter included a $0.14 per share gain from the sale of a packaway facility, while current-year full fiscal 2025 results reflect an approximate $0.16 per share drag from tariff-related costs. CEO Jim Conroy credited stronger merchandise assortments and new marketing initiatives for the acceleration in customer engagement through the back half of the year. Institutional interest has been building as well, with CalPERS recently adding to its position in the stock. Looking ahead, management guided full fiscal 2026 EPS of $7.02 to $7.36, compared to $6.61 in fiscal 2025, alongside same-store sales growth of 3% to 4%, and noted a very strong start to the Spring season.

Key Takeaways
  • Comparable store sales increased 9% in Q4 on top of 3% gain in the prior year
  • Operating margin of 12.3% exceeded plan of 11.5% to 11.8% driven by strong sales performance
  • Compelling merchandise assortments throughout the holiday season
  • Higher customer engagement through new marketing campaigns
  • In-store initiatives that enhanced the customer experience
  • Business momentum accelerated throughout the back half of fiscal 2025

“We are pleased to report that business momentum accelerated further in the fourth quarter, with both sales and earnings significantly surpassing our expectations. Throughout the holiday season, we delivered compelling merchandise assortments to our stores, benefited from higher customer engagement through our new marketing campaigns, and executed in‑store initiatives that enhanced the customer experience.”

Ross Stores CEO, on the earnings call

Forward Guidance & Outlook

For Q1 fiscal 2026 (13 weeks ending May 2, 2026), comparable store sales are forecast to increase 7% to 8%, with EPS projected at $1.60 to $1.67 versus $1.47 in the prior year. For the full fiscal year 2026 (52 weeks ending January 30, 2027), same-store sales growth is projected at 3% to 4% on top of a 5% gain in fiscal 2025, with EPS projected in the range of $7.02 to $7.36, compared to $6.61 in fiscal 2025. Management noted a very strong start to the Spring season.

ROST YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$2.0B$4.0B$6.0B$5.9B$6.6BRevenue$1.6B$1.8BGross Profit$731.0M$814.1MOperating Income$586.8M$645.9MNet Income
$0$2.0B$4.0B$6.0BRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.