ROSS STORES REPORTS FOURTH QUARTER EARNINGS WELL ABOVE GUIDANCE

Rhea-AI Summary

Ross Stores (Nasdaq: ROST) reported fourth quarter and full-year fiscal 2025 results with stronger-than-expected sales, margins, and earnings, and announced shareholder returns increases.

Key highlights: Q4 sales +12% to $6.64B, Q4 EPS $2.00 (above guidance), record FY sales $22.8B, new $2.55B repurchase authorization, and a 10% dividend increase to $0.445 per share.

AI-generated analysis. Not financial advice.

Positive

• Q4 sales +12% to $6.64B
• Comparable store sales +9% in Q4
• Record fiscal 2025 sales of $22.8B
• New $2.55B two-year stock repurchase authorization
• Quarterly dividend increased 10% to $0.445

Negative

• Tariff-related costs reduced FY EPS by approximately $0.16
• Selling, general and administrative expenses rose ~18% in Q4

News Market Reaction – ROST

+8.03%

12 alerts

+8.03% News Effect

+4.8% Peak in 17 hr 26 min

+$4.75B Valuation Impact

$63.93B Market Cap

0.0x Rel. Volume

On the day this news was published, ROST gained 8.03%, reflecting a notable positive market reaction. Argus tracked a peak move of +4.8% during that session. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $4.75B to the company's valuation, bringing the market cap to $63.93B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 2025 sales: $6.6 billion Q4 comp sales: 9% Q4 EPS: $2.00 +5 more

8 metrics

Q4 2025 sales $6.6 billion Fourth quarter fiscal 2025 sales, up from $5.9 billion in 2024

Q4 comp sales 9% Fourth quarter fiscal 2025 comparable store sales growth

Q4 EPS $2.00 Fourth quarter EPS vs guidance of $1.77–$1.85

FY2025 sales $22.8 billion Record fiscal 2025 sales vs $21.1 billion in prior year

FY2025 EPS $6.61 Fiscal 2025 diluted EPS vs $6.32 in fiscal 2024

Repurchase authorization $2.55 billion New two-year stock repurchase program for fiscal 2026 and 2027

Quarterly dividend $0.445 per share Quarterly cash dividend after 10% increase, payable March 31, 2026

FY2026 EPS guidance $7.02–$7.36 Projected fiscal 2026 EPS vs $6.61 in fiscal 2025

Market Reality Check

Price: $234.81 Vol: Volume 3,043,310 is 1.25x...

normal vol

$234.81 Last Close

Volume Volume 3,043,310 is 1.25x the 20-day average of 2,434,004, showing elevated trading interest. normal

Technical Price $202.30 trades above the 200-day MA of $159.91 and sits 1.99% below the 52-week high of $206.40.

Peers on Argus

ROST slipped 1.62% while peers were mixed: BURL +0.46%, BOOT +1.48%, GAP +2.29%,...

ROST slipped 1.62% while peers were mixed: BURL +0.46%, BOOT +1.48%, GAP +2.29%, TJX -0.17%, LULU -1.79%, pointing to a stock-specific reaction rather than a broad apparel retail move.

Previous Earnings Reports

5 past events · Latest: Aug 21 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Aug 21	Q2 2025 earnings	Positive	+1.1%	Q2 sales and comps grew, EPS exceeded guidance despite tariff headwinds.
May 22	Q1 2025 earnings	Negative	-9.8%	Flat comps, lower EPS outlook and withdrawn annual guidance amid macro uncertainty.
Mar 04	FY2024 results	Positive	+2.0%	Q4 and full-year EPS and sales rose, with dividend increase and buybacks.
Nov 21	Q3 2024 earnings	Positive	+2.2%	EPS, net income and margins improved; guidance maintained despite weather impact.
Oct 28	Peer BOOT earnings	Neutral	-2.9%	Boot Barn reported growth and CEO transition with neutral-to-mixed market reaction.

Pattern Detected

Recent earnings releases for ROST have generally seen share price moves aligned with the tone of the results, with prior beats tending to draw positive reactions.

Recent Company History

Over the last five earnings-related updates, Ross Stores has consistently highlighted steady sales growth and active capital returns. Prior quarters featured modest EPS gains, tariff headwinds, and ongoing execution of a $2.1 billion repurchase program. Full-year 2024 results showed EPS of $6.32 on $21.1 billion in sales, with dividend increases and guidance that initially reflected macro uncertainty. Against that backdrop, the current report’s record $22.8 billion in revenue, stronger comps, and higher EPS guidance for fiscal 2026 underscore an acceleration versus the more cautious stance seen in early 2025.

Historical Comparison

-1.5% avg move · In the past five earnings releases, ROST’s average move was about -1.5%, so today’s -1.62% reaction ...

earnings

-1.5%

Average Historical Move earnings

In the past five earnings releases, ROST’s average move was about -1.5%, so today’s -1.62% reaction fits its typical post-earnings pattern despite the strong beat.

Earnings updates over 2024–2025 moved from cautious guidance with tariff headwinds toward stronger comps, record $22.8B revenue, and higher EPS guidance for fiscal 2026.

Market Pulse Summary

The stock moved +8.0% in the session following this news. A strong positive reaction aligns with the...

Analysis

The stock moved +8.0% in the session following this news. A strong positive reaction aligns with the clear earnings beat and record revenue, as Q4 EPS of $2.00 topped guidance and comps rose 9%. Historically, Ross often saw shares move in the same direction as upbeat earnings news. Investors would still need to weigh ongoing tariff-related cost impacts and the sustainability of high-single-digit comp growth, as well as how fully valued the stock already traded near its 52-week high into this report.

Key Terms

operating margin, comparable store sales, stock repurchase program, tariff-related costs, +4 more

8 terms

operating margin financial

"Fourth quarter operating margin of 12.3% exceeded the Company's plan..."

Operating margin shows how much profit a company makes from its core business activities after paying for costs like wages and materials. It’s useful because it tells you how efficiently a company is running—higher margins mean it keeps more money from each dollar of sales, which can indicate better management or stronger products.

comparable store sales financial

"Total sales for the fourth quarter of fiscal 2025 grew 12%, with comparable store sales increasing..."

Comparable store sales measure the change in revenue generated by stores that have been open for a certain period, typically at least one year. It helps assess how well a business is growing by showing whether existing stores are attracting more customers and sales, rather than just counting new store openings. Investors use this figure to gauge the true health and performance of a company's core operations over time.

stock repurchase program financial

"completing the two-year stock repurchase program as planned."

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

tariff-related costs financial

"the approximate $0.16 per share impact from tariff-related costs this year..."

Extra expenses a company incurs because of government charges on cross‑border goods and related compliance — including import or export duties, customs fees, paperwork, longer shipping, and insurance tied to those charges. Think of it as a toll or tax the company must pay when moving goods across a border. These costs matter to investors because they can reduce profit margins, force price changes, disrupt supply chains and cash flow, and alter a company’s competitive position and earnings forecasts.

forward-looking statements regulatory

"This press release and the related conference call remarks contain forward-looking statements..."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Form 10-K regulatory

"Other risk factors are set forth in our SEC filings including the Form 10-K for fiscal 2024..."

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

Form 8-Ks regulatory

"and fiscal 2025 Form 8-Ks and 10-Qs on file with the SEC."

Form 8-Ks are short, formal reports companies file with the U.S. Securities and Exchange Commission to disclose sudden or important events—such as management changes, major contracts, legal developments, financings, or bankruptcies—that could materially affect a company’s outlook. For investors they act like an urgent news bulletin from the company, providing timely information that can change a stock’s value or risk profile and help people make faster, better-informed decisions.

operating lease liabilities financial

"Current operating lease liabilities | | 727,855 | | 703,337"

Long-term lease payments a company is legally committed to because it rents assets such as offices, factories, or equipment; under modern accounting rules these future rent obligations are recorded on the balance sheet as liabilities. Investors care because operating lease liabilities act like debt that drains future cash, affects measures of leverage and borrowing capacity, and can change profitability and valuation — think of them as a company’s large, ongoing rent payments that limit its financial flexibility.

AI-generated analysis. Not financial advice.

ANNOUNCES NEW TWO-YEAR REPURCHASE AUTHORIZATION AND 10% INCREASE IN QUARTERLY CASH DIVIDEND

PROVIDES FIRST QUARTER AND FISCAL 2026 GUIDANCE

DUBLIN, Calif., March 3, 2026 /PRNewswire/ -- Ross Stores, Inc. (Nasdaq: ROST) today reported financial results for the 13‑week fourth quarter and 52‑week fiscal year ended January 31, 2026.

Highlights:

• Total sales for the fourth quarter of fiscal 2025 grew 12%, with comparable store sales increasing a robust 9%
• Fourth quarter operating margin of 12.3% exceeded the Company's plan of 11.5% to 11.8%, primarily from the strong sales performance
• Earnings per share for the fourth quarter of $2.00 was well above guidance of $1.77 to $1.85
• For the full year, sales reached a record $22.8 billion, with comparable store sales growth of 5%, and earnings per share of $6.61

Jim Conroy, Chief Executive Officer, commented, "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."

Mr. Conroy continued, "For the full year, we delivered a solid performance. While the first half presented challenges amid a dynamic macroeconomic environment, including the impact of tariffs and broader consumer uncertainty, we remained focused on executing our strategy and managing the business with discipline. As the year progressed, underlying trends steadily improved, reflecting the strength of our merchandising efforts, enhanced marketing programs, and improved shopping experience. This momentum built throughout the back half of the year and culminated in a strong finish, positioning us well as we move into the year ahead."

Fourth Quarter Results

Sales increased 12% to $6.6 billion, up from $5.9 billion in 2024. Comparable store sales rose a robust 9% for the quarter on top of a solid 3% gain last year. Net income was $646 million versus $587 million last year, while earnings per share increased to $2.00, compared with $1.79 per share in the prior year period. Excluding a $0.14 per share gain from the sale of a packaway facility in 2024, earnings per share grew 21%.

Fiscal 2025 Results

Total sales increased to a record $22.8 billion, up 8% compared with last year's $21.1 billion. Comparable store sales grew 5% on top of a solid 3% gain in fiscal 2024.  Net income for fiscal 2025 was $2.1 billion, similar to the prior year, while earnings per share were $6.61, up from $6.32 last year. Excluding the $0.14 per share gain from the facility sale in fiscal 2024 and the approximate $0.16 per share impact from tariff-related costs this year, earnings per share growth for the full year was 10%.

Update on Shareholder Payouts

During the recently completed fourth quarter, 1.5 million shares of common stock were repurchased for a total price of $262 million. For fiscal 2025, a total of 7.1 million shares were repurchased for an aggregate purchase price of $1.05 billion, completing the two-year stock repurchase program as planned.

The Company's Board of Directors recently approved a new two-year $2.55 billion stock repurchase authorization for fiscal 2026 and 2027. This new program represents a 21% increase over the recently completed repurchase of $2.1 billion of common stock during 2024 and 2025 combined. The Board also authorized a 10% increase in the Company's quarterly cash dividend to $0.445 per share. This higher quarterly dividend amount is payable on March 31, 2026 to stockholders of record as of March 13, 2026.

Mr. Conroy noted, "The increases to our stock repurchase and dividend programs reflect our continued commitment to return excess cash to our shareholders after funding growth and other capital needs of our business."   

Fiscal 2026 Guidance

Looking ahead, Mr. Conroy said, "We ended the fourth quarter with solid momentum, and while early, we are encouraged by the very strong start to the Spring season. As such, for the 13 weeks ending May 2, 2026, comparable store sales are forecasted to increase 7% to 8%. If sales perform in line with this forecast, earnings per share are projected to be $1.60 to $1.67, compared to $1.47 for the first quarter ended May 3, 2025. For the 52 weeks ending January 30, 2027, we are projecting same store sales growth of 3% to 4% on top of a 5% gain in 2025. Based on these assumptions, fiscal 2026 earnings per share are projected to be in the range of $7.02 to $7.36, compared to $6.61 for the fiscal year ended January 31, 2026."

Mr. Conroy concluded, "As we reflect on 2025, we are proud of the meaningful progress we made across the business, including advancing key initiatives to further drive topline growth, while improving our operational performance. These solid results are a testament to the dedication and hard work of our Associates. 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. 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."

The Company will host a conference call on Tuesday, March 3, 2026 at 4:15 p.m. Eastern time to provide additional details concerning its fourth quarter and fiscal year 2025 results, and management's outlook for fiscal 2026. A real-time audio webcast of the conference call will be available in the Investors section of the Company's website, located at www.rossstores.com. An audio playback will be available at 201-612-7415, PIN #13758467 until 8:00 p.m. Eastern time on March 10, 2026, as well as on the Company's website.

Forward-Looking Statements:  This press release and the related conference call remarks contain forward-looking statements regarding, without limitation, projected sales, costs, and earnings, planned new store growth, capital expenditures, and other matters. These forward-looking statements reflect our then-current beliefs, plans, and estimates with respect to future events and our projected financial performance and operations, and they are subject to risks and uncertainties which could cause our actual results to differ materially from management's current expectations. The words "plan," "expect," "target," "anticipate," "estimate," "believe," "forecast," "projected," "guidance," "outlook," "looking ahead," and similar expressions identify forward-looking statements. Risk factors for Ross Dress for Less^® ("Ross") and dd's DISCOUNTS^® include without limitation, risk from changes in the macroeconomic environment, government regulation or policy, geopolitical conditions, and financial and credit markets; continuing inflation, tariff increases (or threats of increases), potential supply chain disruptions, and other external events may have significant negative effects on our costs, and also on consumer confidence, shopping behavior, and spending, which may adversely affect our sales and profitability; changes and uncertainty in U.S. trade or tax policy regarding apparel, home-related merchandise, shoes, and other goods we sell produced in other countries could adversely affect our business; competitive pressures and the pace of change in the retailing industry are high; unexpected changes in the level of consumer spending or preferences could adversely affect us; adverse or unseasonable weather may affect shopping patterns and consumer demand for seasonal apparel and other merchandise, and may result in temporary store closures and disruptions in deliveries of merchandise to our stores; we may experience volatility in sales and earnings; we depend on the market availability, quantity, and quality of attractive brand name merchandise at desirable discounts, and on the ability of our buyers to source and purchase merchandise to enable us to offer customers a wide assortment of merchandise at competitive prices; to achieve growth, we need to expand in existing markets and enter new geographic markets; our inability to continually attract, train, and retain associates with the retail talent necessary to execute our off-price retail strategies, as well as labor shortages, increased turnover, or increased labor costs could adversely affect our operating results; we need to obtain acceptable new store sites with favorable consumer demographics to achieve our planned growth; our ability to effectively advertise and market our business could impact customer traffic and demand for our merchandise; in order to achieve our planned gross margins, we must effectively manage our inventories, markdowns, and inventory shortage; information or data security breaches, including cyberattacks on our transaction processing and computer information systems (including malware intrusion, data exfiltration, identity theft, and other types of cybersecurity threats), could disrupt our operations, result in theft or unauthorized disclosure of our confidential and valuable business information or credit card and other customer information, and could adversely affect our business, disrupt our operations, damage our reputation, increase our costs, and create significant legal exposure; disruptions in our supply chain or in our information systems could impact our ability to process sales and to deliver product to our stores in a timely and cost-effective manner; we are subject to risks associated with importing and selling merchandise produced in other countries; damage to our corporate reputation or brands could adversely affect our sales and operating results; to support our continuing operations, our new store and distribution center growth plans and other capital investment plans, our stock repurchase program, our debt repayments, and our quarterly dividends, we must maintain sufficient liquidity; a natural or man-made disaster in a region where we have a concentration of stores, offices, or a distribution center could harm our business; consumer problems or legal issues involving the quality, safety, or authenticity of products we sell could harm our reputation, result in lost sales, and/or increase our costs; an adverse outcome in various legal, regulatory, or tax matters could damage our reputation or brand and increase our costs. Other risk factors are set forth in our SEC filings including the Form 10-K for fiscal 2024 and fiscal 2025 Form 8-Ks and 10-Qs on file with the SEC. The factors underlying our forecasts and plans are dynamic and subject to change. As a result, any forecasts or forward-looking statements speak only as of the date they are given and do not necessarily reflect our outlook at any other point in time. We disclaim any obligation to update or revise these forward-looking statements.

About Ross Stores, Inc.

Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2025 revenues of $22.8 billion. The Company operates Ross Dress for Less^® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,904 locations in 44 states, the District of Columbia, Guam, and Puerto Rico at fiscal 2025 year-end. Ross offers first-quality, in-season, brand name and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. The Company also operates 363 dd's DISCOUNTS^® stores in 22 states at fiscal 2025 year-end that feature a more moderately-priced assortment of first-quality, in-season apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day. Additional information is available at www.rossstores.com.

Ross Stores, Inc.
Condensed Consolidated Statements of Earnings
					Three Months Ended				Twelve Months Ended
($000, except stores and per share data, unaudited)					January 31, 2026		February 1, 2025		January 31, 2026		February 1, 2025
Sales					$                6,635,490		$                5,912,279		$              22,750,559		$              21,129,219
Costs and Expenses
	Cost of goods sold				4,831,277		4,343,622		16,447,256		15,260,506
	Selling, general and administrative				990,098		837,633		3,595,946		3,283,127
Operating income					814,115		731,024		2,707,357		2,585,586
Interest income, net					(34,145)		(39,741)		(134,800)		(171,568)
Earnings before taxes					848,260		770,765		2,842,157		2,757,154
Provision for taxes on earnings					202,395		183,981		697,113		666,424
Net earnings					$                   645,865		$                   586,784		$                2,145,044		$                2,090,730
Earnings per share
	Basic				$                        2.02		$                        1.80		$                        6.66		$                        6.36
	Diluted				$                        2.00		$                        1.79		$                        6.61		$                        6.32
Weighted-average shares outstanding (000)
	Basic				319,733		326,014		322,220		328,593
	Diluted				322,225		328,519		324,416		330,984
Store count at end of period					2,267		2,186		2,267		2,186

 

Ross Stores, Inc.
Condensed Consolidated Balance Sheets
($000, unaudited)				January 31, 2026		February 1, 2025
Assets
Current Assets
	Cash and cash equivalents			$                4,594,392		$                4,730,744
	Accounts receivable			181,301		144,482
	Merchandise inventory			2,630,970		2,444,513
	Prepaid expenses and other			233,434		218,957
		Total current assets		7,640,097		7,538,696
Property and equipment, net				4,088,760		3,792,403
Operating lease assets				3,519,610		3,294,858
Other long-term assets				300,270		279,375
Total assets				$              15,548,737		$              14,905,332
Liabilities and Stockholders' Equity
Current Liabilities
	Accounts payable			$                2,386,418		$                2,126,317
	Accrued expenses and other			666,978		626,490
	Current operating lease liabilities			727,855		703,337
	Accrued payroll and benefits			484,407		462,284
	Income taxes payable			61,779		43,666
	Current portion of long-term debt			499,743		699,731
		Total current liabilities		4,827,180		4,661,825
Long-term debt				1,017,863		1,515,080
Non-current operating lease liabilities				2,966,877		2,764,281
Other long-term liabilities				287,947		267,911
Deferred income taxes				261,427		187,040
Commitments and contingencies
Stockholders' Equity				6,187,443		5,509,195
Total liabilities and stockholders' equity				$              15,548,737		$              14,905,332

 

Ross Stores, Inc.
Condensed Consolidated Statements of Cash Flows
				Twelve Months Ended
($000, unaudited)				January 31, 2026		February 1, 2025
Cash Flows From Operating Activities
Net earnings				$                2,145,044		$                2,090,730
Adjustments to reconcile net earnings to net cash provided by operating activities:
	Depreciation and amortization			509,391		446,788
	Stock-based compensation			175,354		156,298
	Gain on sale of property			—		(61,575)
	Deferred income taxes			74,387		(9,198)
	Change in assets and liabilities:
		Merchandise inventory		(186,457)		(252,293)
		Other current assets		(47,382)		(27,319)
		Accounts payable		285,244		154,664
		Other current liabilities		50,784		(123,556)
		Income taxes		17,161		(27,457)
		Operating lease assets and liabilities, net		2,362		12,627
		Other long-term, net		995		(2,721)
		Net cash provided by operating activities		3,026,883		2,356,988
Cash Flows From Investing Activities
Additions to property and equipment				(819,275)		(720,104)
Proceeds from sale of property				—		82,642
		Net cash used in investing activities		(819,275)		(637,462)
Cash Flows From Financing Activities
Issuance of common stock related to stock plans				25,330		25,085
Treasury stock purchased				(79,878)		(86,092)
Repurchase of common stock				(1,050,021)		(1,049,979)
Excise tax paid on repurchase of common stock				(9,443)		(8,798)
Dividends paid				(528,085)		(488,721)
Payment of long-term debt				(700,000)		(250,000)
		Net cash used in financing activities		(2,342,097)		(1,858,505)
Net decrease in cash, cash equivalents, and restricted cash and cash equivalents				(134,489)		(138,979)
Cash, cash equivalents, and restricted cash and cash equivalents:
		Beginning of period		4,796,462		4,935,441
		End of period		$                4,661,973		$                4,796,462
Reconciliations:
	Cash and cash equivalents			$                4,594,392		$                4,730,744
	Restricted cash and cash equivalents included in prepaid expenses and other			20,950		17,087
	Restricted cash and cash equivalents included in other long-term assets			46,631		48,631
Total cash, cash equivalents, and restricted cash and cash equivalents:				$                4,661,973		$                4,796,462
Supplemental Cash Flow Disclosures
Interest paid				$                    55,778		$                    80,316
Income taxes paid, net				$                   605,565		$                   703,079

 

Contacts:	William W. Sheehan II	Connie Kao
	Executive Vice President,	Senior Vice President, Investor Relations
	Chief Financial Officer	(925) 965-4668
	(925) 965-4150	connie.kao@ros.com

 

View original content:https://www.prnewswire.com/news-releases/ross-stores-reports-fourth-quarter-earnings-well-above-guidance-302702970.html

SOURCE Ross Stores, Inc.

FAQ

How did ROST perform in fiscal Q4 2025 and did it beat guidance?

Yes — ROST reported Q4 fiscal 2025 EPS of $2.00, above guidance of $1.77–$1.85. According to the company, Q4 sales rose 12% to $6.64 billion and operating margin expanded, driving the earnings beat versus prior guidance.

What shareholder actions did Ross Stores (ROST) announce on March 3, 2026?

Ross approved a new $2.55 billion repurchase authorization and raised its quarterly dividend 10% to $0.445 per share. According to the company, the dividend is payable March 31, 2026, to holders of record March 13, 2026.

What is Ross Stores' fiscal 2026 guidance for same-store sales and EPS (ROST)?

Ross projects fiscal 2026 same-store sales growth of 3% to 4% and FY EPS of $7.02 to $7.36. According to the company, first-quarter comps are expected +7% to +8%, with Q1 EPS of $1.60 to $1.67 under those assumptions.

How materially did tariffs affect Ross Stores' fiscal 2025 earnings per share?

Tariff-related costs reduced fiscal 2025 EPS by about $0.16 per share. According to the company, excluding the $0.16 tariff impact and a prior-year property sale gain, full-year EPS growth would be roughly 10%.

Did Ross Stores reduce debt or change its balance sheet in fiscal 2025 (ROST)?

Ross' long-term debt decreased materially year-over-year to $1.018 billion from $1.515 billion at prior year-end. According to the company balance sheet, total assets rose to $15.55 billion and stockholders' equity increased to $6.187 billion.