An off-price retailer, Ross Stores runs two brands that sell brand-name apparel and home fashions at big discounts. Ross Dress for Less targets middle-income shoppers, while dd's DISCOUNTS serves lower-to-moderate-income customers, both offering a "treasure hunt" of close-out finds. The company began in 1950 when Morris "Morrie" Ross opened a small department store in San Bruno, California, named after himself; in 1982 a group of investors bought those six stores and reinvented them as the off-price chain known today.
Ross Stores Q1 FY2026 sales up 21%, EPS $2.02, beats guidance; raises FY outlook
Total sales for the fiscal quarter ended May 2, 2026 increased 21% to $6.0 billion, with comparable store sales up 17%.
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First quarter diluted earnings per share were $2.02, up 37% from $1.47 in the prior year period, exceeding guidance of $1.60 to $1.67.
Operating margin for the quarter was 13.4%, above the company's plan of 11.8% to 12.1%.
The company repurchased 1.5 million shares for $319 million in Q1 and remains on track to buy back $1.275 billion in fiscal 2026.
For Q2 fiscal 2026, the company forecasts comparable store sales growth of 6% to 7% and EPS of $1.85 to $1.93; it raised full-year EPS guidance to $7.50 to $7.74.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Ross Stores appoints K. Gunnar Bjorklund as Board Chairman, effective February 1, 2026.
Michael Balmuth will step down as Executive Chairman on January 31, 2026, and retire from the Board at that time.
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Balmuth will remain an employee as Senior Advisor from February 1, 2026 through March 31, 2026.
K. Gunnar Bjorklund, current Lead Independent Director, will become Chairman of the Board effective February 1, 2026.
The Board anticipates reducing the number of authorized Board seats by one, to ten, following Balmuth's retirement.
The succession was announced in a press release on November 24, 2025.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Ross Stores beats Q3 EPS guidance and raises full-year 2025 outlook.
Q3 fiscal 2025 (13 weeks ended Nov 1, 2025) diluted EPS was $1.58 on net income of $512 million, versus $1.48 and $489 million in the prior-year quarter.
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Q3 sales grew 10% to $5.6 billion from $5.1 billion a year ago; comparable store sales rose 7%.
Q3 operating margin was 11.6%, stronger than expected.
For fiscal 2025, the company raised EPS guidance to $6.38–$6.46, including an approximate $0.16 per share negative impact from tariff-related costs.
Q4 fiscal 2025 guidance: comparable store sales up 3%–4% and EPS of $1.77–$1.85, with tariff-related costs expected to be negligible.
During Q3, the company repurchased 1.7 million shares for $262 million and remains on track to buy back $1.05 billion in fiscal 2025.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Ross Stores reports Q2 FY2025 EPS of $1.56 on net income of $508 million, with sales up 5% to $5.5 billion.
Operating margin decreased 95 basis points to 11.5%, primarily due to tariff-related costs, which had an approximate $0.11 per share negative impact.
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For the 13 weeks ended August 2, 2025, diluted EPS was $1.56 on net income of $508 million, compared to $1.59 and $527 million in the prior-year quarter.
Total sales increased 5% to $5.5 billion from $5.3 billion, with comparable store sales up 2%.
The company repurchased 1.9 million shares for $262 million in Q2 and remains on track to buy back $1.05 billion in fiscal 2025.
Fiscal 2025 EPS guidance is $6.08 to $6.21, with Q3 projected at $1.31 to $1.37 and Q4 at $1.74 to $1.81.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits