Ross Stores lifts FY2025 outlook on strong Q3 earnings, sales

Ross Stores' income for Q3 ended 1 November 2025 roseate 10% to $5.6bn, expanding from $5.1bn successful the anterior twelvemonth quarter, portion comparable store income accrued 7%.

Among different reasons, this maturation was driven by its brand-focused merchandise assortment and a caller selling run that lifted lawsuit engagement.

Ross Stores CEO Jim Conroy said: “We are pleased with our 3rd 4th income results, which accelerated from the anterior quarter. Our merchandise assortment of compelling marque sanction values resonated with shoppers, and our caller selling run drove excitement and higher lawsuit engagement. We had an fantabulous back-to-school play with beardown trends that continued done the equilibrium of the quarter. The beardown execution by the full squad led to broad-based income maturation crossed merchandise areas and geographical regions.”

For the 13 weeks ended 1 November 2025, Ross Stores reported diluted net per stock (EPS) of $1.58 connected nett net of $511.9m, up from EPS of $1.48 connected nett net of $488.8m for the aforesaid play a twelvemonth ago.

This included an approximate $0.05 per stock antagonistic interaction from costs related to tariffs.

In the archetypal 9 months of the twelvemonth ended 1 November 2025 , Ross Stores reported EPS of $4.61 connected nett income of $1.5bn, compared with $4.53 per stock connected nett income of $1.5bn successful the aforesaid play of 2024.

The reported 9 months net see an estimated $0.16 per stock antagonistic interaction from tariff-related costs. Sales for the archetypal 9 months of 2025 were $16.1bn, with comparable store income up 3% implicit the anterior year.

For the 4th quarter, the off-price retailer expects comparable store income to emergence 3% to 4%, with EPS betwixt $1.77 and $1.85 for the 13 weeks ending 31 January 2026.

The caller Q4 net scope reflects astir $0.03 per stock of unfavourable timing of packaway-related expenses, which had positively affected third-quarter results.

Ross Stores besides raised its EPS guidance for FY25 to a scope of $6.38 to $6.46, reflecting year-to-date results and its updated fourth-quarter forecast.

The updated yearly outlook includes an estimated $0.16 per stock antagonistic interaction from tariff-related costs, portion absorption expects tariff-related costs to beryllium negligible successful the 4th quarter.

The institution cited its vacation positioning, easing tariff impacts, and caller income trends successful raising guidance.

Jim Conroy said: “We are optimistic astir our prospects for the vacation season, driven by our ongoing absorption connected delivering quality, branded merchandise astatine exceptional value.