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USA: Ross Q4 sales jump, cites ‘very strong start’ to spring season; to open 110 stores

Discount Textile Retail Chain Ross Stores Inc. ended its year on a high note with better-than-expected earnings and sales amid traffic gains, and provided an upbeat outlook.

In the earnings statement, Ross CEO Jim Conroy said the company ended the fourth quarter with solid momentum, and “while early, we are encouraged by the very strong start to the spring season.”


The off-price giant added 90 stores during fiscal 2025 (80 new Ross Dress for Less and 10 DD’s Discounts), including its first-ever locations in the New York Metro area and Puerto Rico. The retailer is picking up the pace slightly this year, with plans to open 110 new stores, including 85 Ross stores and 25 DD’s Discounts.


“As we continue to identify attractive real estate opportunities across our markets, we remain confident in the long-term potential to grow Ross and DD’s chains to 2,900 and 700 stores, respectively, expanding our reach to even more customers over time,” Conroy said on the earnings call.


Fourth Quarter 2025

Ross reported that its net income totalled $646 million, with earnings per share of $2.00, for the quarter ended Jan. 31, versus $587 million, with earnings per share of $1.79 per share, for the prior year period. 


Total sales rose 12% to $6.6 billion. Comparable store sales were up 9%, fuelled by higher transactions and customer counts.


Conroy said that  business momentum accelerated further in the fourth quarter, with both sales and earnings significantly surpassing company 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,” he added. 


Full Year 2025

For the full year, total sales increased 8% to a record $22.8 billion. Comparable store sales grew 5%. Net income was $2.1 billion, similar to the prior year, while earnings per share were $6.61, up from $6.32 last year


Ross said it expects first-quarter same-store sales to increase 7% to 8%, with earnings per share of $1.60 to $1.67. For the full fiscal year, Ross projects, same store sales growth of 3% to 4%. Earnings per share are projected to be in the range of $7.02 to $7.36, compared to $6.61 for the fiscal year 2025.


“As we move into 2026, we are encouraged by the strength of our business and confident in the strategic priorities we have set for the year,” Conroy stated. “With a healthy balance sheet, disciplined execution, and a clear focus on delivering compelling value to our customers, we believe we are well-positioned to capture additional market share and drive sustainable, profitable growth in the year ahead and beyond."


At year end, the company operated 1,904 Ross locations in 44 states, the District of Columbia, Guam and Puerto Rico, along with 363 DD’s Discounts stores in 22 states.


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