Ross Stores Posts 12% Q4 Sales Gain to $6.6B and Expands 90 Stores
Ross Stores posted Q4 2025 sales of $6.6 billion (up 12%), net income of $646 million and EPS of $2.00, while opening 80 Ross Dress for Less and 10 DD’s Discount stores. The retailer completed a $2.1 billion buyback, authorized $2.55 billion more and increased its dividend 10%.
1. Fourth Quarter Financial Results
Ross Stores reported Q4 2025 net sales of $6.6 billion, up 12% year-over-year, with comparable store sales rising 9%. Operating margin was 12.3%, net income reached $646 million and EPS amounted to $2.00.
2. Fiscal 2025 Full-Year Performance
For fiscal 2025, net sales grew 8% to $22.8 billion with comparable store sales up 5%. The company earned $2.1 billion in net income, equating to EPS of $6.61, while inventory rose 8%, with Packaway at 37% of total inventory.
3. Share Repurchase and Dividend Increase
Ross completed a $2.1 billion share repurchase program and authorized an additional $2.55 billion. The board raised the quarterly dividend by 10% to $0.44 per share.
4. 2026 Outlook and Cost Projections
Management plans to open 110 new stores (85 Ross Dress for Less and 25 DD’s Discount) and projects $1.1 billion in capital expenditures. First-quarter operating margin is expected to face pressure from higher distribution center costs and packaway timing.