Ross Stores, Inc. reported a strong financial performance for fiscal 2025, with total sales reaching $22.75 billion, an increase of 8% from $21.13 billion in fiscal 2024. The company's net income also rose to $2.15 billion, compared to $2.09 billion in the previous year, resulting in diluted earnings per share of $6.61, up from $6.32. Comparable store sales increased by 5%, driven by a 3% rise in average transaction value and a 2% increase in customer traffic. However, operating income as a percentage of sales slightly decreased to 11.9% from 12.2% in fiscal 2024, reflecting higher costs in both goods sold and selling, general, and administrative expenses.
In terms of operational growth, Ross Stores expanded its footprint, ending fiscal 2025 with 2,267 stores, including 1,904 Ross Dress for Less locations and 363 dd’s DISCOUNTS stores. This represents a 4% increase in total store count compared to the previous year. The company opened 90 new stores during the fiscal year, including its entry into new markets such as Puerto Rico and the New York Metro area. Looking ahead, Ross plans to open approximately 110 new stores in fiscal 2026, which would mark a 5% growth in its store base.
The company has also made strategic investments in its merchandising and marketing initiatives, aiming to enhance customer engagement and improve the in-store shopping experience. Ross continues to focus on delivering a wide assortment of brand-name merchandise at competitive prices, which is central to its off-price retail model. The company’s operational strategies include maintaining a strong supply chain and leveraging its buying power to secure desirable merchandise at lower costs.
Ross Stores reported a total employee headcount of approximately 111,000 as of January 31, 2026, with over 85% of associates working in retail stores. The company emphasizes the importance of attracting and retaining talent, particularly in its buying organization, to support its off-price retail strategies. Additionally, Ross has implemented various programs to promote diversity, equity, and inclusion within its workforce.
Looking forward, Ross Stores acknowledges the potential impact of macroeconomic factors such as inflation and tariffs on its operations. The company remains committed to monitoring these conditions while focusing on its strategic objectives to drive sustainable growth. The outlook for fiscal 2026 includes expectations for continued sales growth and improvements in operating income margins, supported by ongoing investments in merchandising and store enhancements.
About ROSS STORES, INC.
Ross Stores, Inc. operates two off-price retail brands, Ross Dress for Less and dd’s DISCOUNTS, offering first-quality, name-brand apparel, accessories, footwear, and home goods at significant discounts. Serving primarily middle- and lower-income consumers across the U.S., the company focuses on value, wide product assortments, and organized store environments. Its business model emphasizes opportunistic purchasing, low operating costs, and strategic store locations to deliver competitive prices and convenience.
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