Ross Stores, Inc.'s Stock Analysis

Ross Stores Annual Meeting Voting Results and Key Approvals

Ross Stores, Inc. held its Annual Meeting of Stockholders on May 20, 2026, where stockholders voted on four key proposals. The nominees for the Board of Directors were elected for a one-year term, and the 2026 Equity Incentive Plan was approved by the shareholders.

Additionally, stockholders approved an advisory resolution on executive compensation and ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending January 30, 2027.

May 26, 2026 17:42:14

Ross Stores Reports 21% Sales Increase and Earnings Growth

Ross Stores, Inc. reported a 21% increase in total sales for the first quarter of fiscal 2026, reaching $6.0 billion, compared to $5.0 billion in the same period last year. Comparable store sales rose by 17%, and net income increased to $650 million from $479 million. Earnings per share also grew by 37% to $2.02, surpassing the company's previous guidance of $1.60 to $1.67. The strong performance was attributed to increased customer traffic and effective marketing strategies.

Looking ahead, Ross Stores has provided guidance for the second quarter, forecasting a 6% to 7% increase in comparable store sales. Earnings per share for the upcoming quarter are projected to be between $1.85 and $1.93, which represents a growth of 19% to 24% compared to the same period last year. The company has also increased its fiscal 2026 outlook for same store sales growth to 6% to 7% and expects earnings per share for the full year to be in the range of $7.50 to $7.74, reflecting a growth of 13% to 17% from the previous fiscal year.

May 21, 2026 16:02:44

Ross Stores Reports Increased Sales and Shareholder Returns

Ross Stores, Inc. reported a 12% increase in fourth-quarter sales, reaching $6.6 billion, with comparable store sales rising 9%. The company’s earnings per share for the quarter was $2.00, significantly above the guidance of $1.77 to $1.85. For the full fiscal year, total sales reached a record $22.8 billion, with net income of $2.1 billion and earnings per share of $6.61, reflecting a 10% growth when excluding certain gains and costs.

In addition to strong financial performance, Ross Stores announced a new two-year stock repurchase authorization of $2.55 billion, representing a 21% increase over the previous program. The Board also approved a 10% increase in the quarterly cash dividend to $0.445 per share, payable on March 31, 2026. The company forecasts comparable store sales growth of 7% to 8% for the first quarter of fiscal 2026 and projects earnings per share of $1.60 to $1.67.

Mar 03, 2026 16:03:09

Ross Stores Announces Leadership Changes and Board Succession Plan

Michael Balmuth will step down as Executive Chairman of Ross Stores on January 31, 2026, and will continue as a Senior Advisor until March 31, 2026. He will also retire from the Board of Directors at that time, leading to a reduction in the number of authorized Board seats to ten. K. Gunnar Bjorklund, currently the Lead Independent Director, has been appointed to succeed Balmuth as Chairman of the Board effective February 1, 2026.

Balmuth has been a significant figure in the company for nearly three decades, overseeing its growth into a leading retailer with over 2,200 stores across the U.S. Under his leadership, Ross Stores has expanded its market presence and strengthened its operational strategies. The transition to Bjorklund is expected to maintain continuity in leadership, with a focus on enhancing shareholder value and furthering the company's strategic objectives.

Nov 24, 2025 16:08:17

Ross Stores Reports Q3 Financial Results and Raises Guidance

Ross Stores, Inc. reported earnings per share of $1.58 for the third quarter ended November 1, 2025, an increase from $1.48 in the same period last year, with net income rising to $512 million from $489 million. Sales grew by 10% to $5.6 billion, with comparable store sales increasing by 7%. For the first nine months of 2025, earnings per share were $4.61, slightly up from $4.53 in 2024, despite a negative impact from tariff-related costs.

The company has repurchased 1.7 million shares for $262 million as part of a $2.1 billion buyback program. Ross Stores raised its earnings per share guidance for fiscal 2025 to a range of $6.38 to $6.46, anticipating comparable store sales growth of 3% to 4% for the upcoming quarter. The CEO highlighted strong sales momentum and effective expense control, positioning the company favorably for the holiday season.

Nov 20, 2025 16:03:03

Ross Stores Announces CFO Retirement and Successor Appointment

Adam Orvos, the Chief Financial Officer of Ross Stores, is set to retire on September 30, 2025. In line with the company's succession plan, William Sheehan, currently the Deputy CFO, has been appointed as the new CFO effective October 1, 2025. Sheehan has over 34 years of financial experience in the retail sector and has held various positions within the company since 2006.

William Sheehan's new employment agreement includes a base salary of $775,000 per year and a target annual cash bonus of 75% of his salary. He will also receive a restricted stock award valued at $1,200,000, which will vest in 2029. The agreement outlines severance benefits, participation in benefit plans, and other standard provisions for senior executives, including non-solicitation and confidentiality clauses.

Sep 02, 2025 16:18:57

Ross Stores Reports Second Quarter Earnings and Share Buyback Update

Ross Stores, Inc. reported earnings per share of $1.56 for the fiscal quarter ended August 2, 2025, with a net income of $508 million. This reflects a slight decrease from $1.59 per share and $527 million in net income for the same period in 2024. Total sales rose 5% to $5.5 billion, while comparable store sales increased by 2%. For the first half of 2025, earnings per share were $3.03, down from $3.05 in the prior year, with total sales growing to $10.5 billion compared to $10.1 billion in 2024. The company also noted a negative impact of approximately $0.11 per share due to tariff-related costs during the quarter.

In the second quarter, Ross repurchased 1.9 million shares for $262 million under its $2.1 billion buyback program. The company anticipates a total buyback of $1.05 billion in common stock for fiscal 2025. For the upcoming third and fourth quarters, Ross expects comparable store sales growth of 2% to 3% and has projected earnings per share for the third quarter to be between $1.31 and $1.37, and between $1.74 and $1.81 for the fourth quarter. The company has indicated that ongoing macroeconomic uncertainties may affect its performance and has planned for an estimated earnings per share impact of $0.22 to $0.25 from trade policies.

Aug 21, 2025 16:03:30

Ross Stores Reports First Quarter Earnings and Second Quarter Guidance

Ross Stores, Inc. reported earnings per share of $1.47 for the first quarter of fiscal 2025, slightly up from $1.46 in the same period last year. The company's net income was $479 million, compared to $488 million in the previous year. First quarter sales reached $5.0 billion, with comparable store sales remaining flat compared to the previous year. The operating margin was stable at 12.2% year-over-year. The company also repurchased 2.0 million shares for $263 million as part of its stock buyback program, which is on track to reach $1.05 billion in total for fiscal 2025.

Looking ahead, Ross Stores has provided guidance for the second quarter, projecting comparable store sales to be flat to up 3% and earnings per share to range between $1.40 to $1.55, down from $1.59 in the prior year. The company noted that ongoing macroeconomic uncertainties, particularly related to tariffs and inflation, could impact profitability. As a result, Ross Stores has withdrawn its annual sales and earnings guidance and emphasized a focus on managing the business conservatively amid these challenges.

May 22, 2025 16:02:34

Ross Stores Reports Decrease in Earnings Per Share and Sales

Ross Stores, Inc. reported earnings per share of $1.79 for the fourth quarter, a slight decrease from $1.82 in the previous year, with net income also down to $587 million from $610 million. Sales for the quarter totaled $5.9 billion, showing a 3% increase in comparable store sales, which follows a stronger 7% gain in the same period last year. For fiscal 2024, earnings per share rose to $6.32 from $5.56, with net earnings increasing to $2.1 billion on sales of $21.1 billion compared to $1.9 billion on $20.4 billion in the prior year. However, results included a one-time benefit of approximately $0.14 per share from the sale of a packaway facility, while the previous year had benefited from a 53rd week in its reporting period.

The company announced a 10% increase in its quarterly cash dividend, now at $0.405 per share, and repurchased 1.7 million shares for $262 million during the fourth quarter. Despite these positive developments, the CEO noted a decline in sales trends beginning late January, attributed to unseasonable weather and economic volatility affecting customer traffic. Looking ahead, comparable store sales for the first quarter of fiscal 2025 are projected to be down 3% to flat, with earnings per share expected between $1.33 and $1.47. The company is taking a cautious approach to its forecasts for the upcoming year.

Mar 04, 2025 16:04:11

Ross Stores Announces CFO Retirement and Successor Appointment

Ross Stores, Inc. has announced the retirement of Chief Financial Officer Adam Orvos, effective September 30, 2025. William Sheehan, currently serving as Group Senior Vice President of Finance, has been promoted to Deputy Chief Financial Officer and is set to take over as CFO on October 1, 2025. Sheehan brings over 34 years of financial experience in the retail industry, having been with Ross since 2006. The leadership transition is expected to be smooth, with support from current executives.

The company reported fiscal 2023 revenues of $20.4 billion and operates 1,831 Ross Dress for Less locations and 355 dd’s DISCOUNTS stores across the United States. While the announcement highlights the company's strong financial position under Orvos's leadership, his upcoming retirement introduces a change in the executive team that may impact future financial strategies.

Feb 20, 2025 16:32:08