Ross Stores Reports Second Quarter Earnings

About this update from Ross Stores, Inc.

[{"type":"text","content":"\nProvides Second Half and Fiscal 2025 Guidance\n\n\n DUBLIN, Calif.--(BUSINESS WIRE)--\nRoss Stores, Inc. (Nasdaq: ROST) today reported earnings per share for the 13 weeks ended August 2, 2025 of $1.56 on net income of $508 million. Included in this year’s second quarter earnings is an approximate $0.11 per share negative impact from tariff-related costs. These results compare to earnings per share of $1.59 on net income of $527 million for the 13 weeks ended August 3, 2024. Total sales for the 2025 second quarter increased 5% to $5.5 billion, up from $5.3 billion for the same period in 2024, with comparable store sales up 2% versus last year.\n\n\nFor the six months ended August 2, 2025, earnings per share were $3.03 on net income of $987 million. These results compare to earnings per share of $3.05 on net earnings of $1.0 billion in the first half of 2024. Sales for the first six months of 2025 grew to $10.5 billion, up from $10.1 billion in the prior year. Comparable store sales for the first half of 2025 were up 1%.\n\n\nJim Conroy, Chief Executive Officer, commented, “We are encouraged by the sequential improvement in sales trends relative to the first quarter. During the second quarter, sales in May were strong and softened in June, before rebounding sharply in July. We were pleased to see the improved trend at the end of the quarter, particularly with the early sales performance related to the back-to-school selling season. We ended the period with second quarter sales in line with our expectations, while earnings modestly exceeded the high end of our guidance range, mainly due to lower-than-expected tariff-related costs. Operating margin for the quarter decreased 95 basis points to 11.5% compared to the prior year, primarily reflecting tariff-related costs.”\n\n\nUpdate on Shareholder Payouts\n\n\nDuring the second quarter of fiscal 2025, a total of 1.9 million shares of common stock were repurchased for an aggregate price of $262 million under the Company’s two-year $2.1 billion authorization approved by its Board of Directors in March 2024. The Company remains on track to buy back a total of $1.05 billion in common stock during fiscal 2025 and complete the program as planned.\n\n\nFiscal 2025 Guidance\n\n\nLooking ahead, Mr. Conroy commented, “We are encouraged by the tone of the business in the second quarter and fee...

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