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ROSS STORES, INC.ROST

Sector
Consumer
Industry
Retail-Family Clothing Stores
Exchange
Nasdaq

Stock Price $ROST

Latest filings

You are here#15 of 30 in Consumer Discretionary by market cap

Filing record · 2016–202610-K1110-Q338-K97

ROST filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 97 current reports (8-K) between 2016 and 2026.

  1. FY2019 annual report10-K · Apr ’19Apr ’19
  2. Leadership change8-K · Jan ’22Jan ’22
  3. Leadership change8-K · Nov ’25Nov ’25

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $22.75B
YoY changeLargest recent move+50.9%in FY22Latest +7.7%

Latest bar from 10-KFY2026Click a bar to open its SEC filing

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All ROST Financial Metrics56 metrics

Income Statement14

Balance Sheet24

Cash Flow13

Per Share5

02—Overview

ROSS STORES, INC. Financial Overview 2022–2026

Updated Jul 10, 2026

Ross Stores proved the resilience of its off-price model by delivering a massive 17%a comparable store sales increase in Q1 FY2026, driven by an 11% surge in customer traffic. This acceleration highlights a clear investment thesis: as inflation and economic uncertainty squeeze consumer wallets, the retailer is successfully capturing market share through opportunistic sourcing and consistent physical expansion.

The company’s ability to scale this value proposition has driven reliable top-line compounding, with total sales growing from $18.9 billion in fiscal 2021 to $22.75 billionb by the close of fiscal 2025. Management consistently paired this revenue growth with real estate expansion, ending FY2026 with 2,267 stores and targeting another 110 new stores for the year. Profitability followed suit, as operating margins improved to 13.4% in Q1 FY2026 and diluted earnings per share reached $6.61 for the full FY2026 period. The market has rewarded this cash generation and margin defense. At the end of FY2025, the company held a $49.5 billion market cap, trading at $150.56 or 23.8x earnings. By the close of FY2026, the stock climbed to $188.65, expanding its valuation to a 28.5x multiple as the board authorized a fresh $2.55 billion share repurchase program.

Recent Developments (Q3 2026 and Q1 2027)

Top-line momentum continued in Q1 FY2026 with total sales surging 21% year-over-year to $6.01 billionc. This was supported by a 6% increase in average transaction value and yielded a 36% jump in net earnings to $650 million, or $2.02 per diluted share. The retailer advanced its physical footprint by opening 17 new locations during the quarter and generated a robust $836 million in operating cash flow. In corporate governance, shareholders recently approved a new equity incentive plan and re-elected the full board.

Bulls see further upside as management successfully converts off-price demand into shareholder returns, evidenced by $318.7 milliond in quarterly stock repurchases. Conversely, bears warn that expanding distribution and tariff costs, which pressured prior-year operating margins down to 11.9%, could restrict future profitability. The stock traded at a rich 33.9x earnings as of 2026-06-02, reflecting elevated market expectations.

What to watch: tariff cost impacts on merchandise margins; deployment of the remaining buyback authorization.

03—Filings

Recent SEC Filings

  1. 8-KROSS STORES, INC. 8-K Report, Executive Changes (Sep 17, 2026)Ross Stores, Inc. (ROST) filed an 8-K reporting board changes effective October 1, 2026. Director Sharon D. Garrett, a member since 2000, is retiring from the Board and its committees, having tendered her resignation on September 11, 2026. The Board appointed Shelley H. Bransten and Christian B. Johnson as directors, each with an initial term expiring at the 2027 Annual Meeting of Stockholders. Both were named to the Audit Committee and are identified as independent under Nasdaq listing rules. The Board size increases from nine to ten members as a result of these appointments. The filing states that both new directors will receive cash compensation and restricted stock under the Company's standard non-employee director fee arrangements, as approved by the Compensation Committee, and will enter into indemnification agreements substantially similar to those of existing directors. The filing does not disclose specific compensation amounts. This is a routine governance update with no financial results, guidance, or operational disclosures included. For investors, the main points are the refreshed Board, the addition of two independent directors with retail and consumer backgrounds, and the new Audit Committee members. The 8-K contains no indication of disagreements, financial impact, or changes to Company strategy.
  2. 8-KROSS STORES, INC. 8-K Report, Financial Results (Aug 20, 2026)Ross Stores (ROST) reported strong second-quarter fiscal 2026 results for the 13-week period ended August 1, 2026. Sales rose 13% to $6.26 billion, driven by a 10% comparable store sales increase that management attributed primarily to customer traffic. Net income nearly doubled... actually rose 68% to $851 million, and diluted EPS was $2.66 versus $1.56 a year earlier. However, roughly $253 million of IEEPA tariff refunds (about $0.60 per share) inflated both operating income and EPS. Excluding this one-time benefit, operating margin still expanded by about 205 basis points, ahead of the company's 130 to 150 basis point plan, which indicates real underlying improvement, though the headline margin gain of 610 basis points overstates the recurring trend. Management raised its second-half and full-year outlook. Third-quarter comparable store sales are now guided to 6% to 7% and fourth-quarter to 4% to 5%, with EPS ranges of $1.75 to $1.83 and $2.17 to $2.26, respectively. Full-year fiscal 2026 EPS guidance was raised to $8.61 to $8.77, including the tariff refund benefit. Management also increased its 2026 new store plan to 115 locations (about 90 Ross and 25 dd's DISCOUNTS) and reaffirmed roughly $1.275 billion of share repurchases for fiscal 2026. Management described the back half as facing significantly tougher year-over-year comparisons, so the guidance implies deceleration in comp growth from Q2's 10%. The balance sheet remains strong. Cash and equivalents were $4.29 billion, total debt fell to about $1.02 billion from $1.52 billion a year earlier after $500 million of repayments, and stockholders' equity rose to $6.74 billion. Merchandise inventory grew about 18% year over year, faster than sales growth of 13%, which is a metric investors should monitor against future markdown risk. The filing is furnished under Item 2.02 and is not deemed filed for Exchange Act purposes.
  3. 8-KROSS STORES, INC. 8-K Report, Shareholder Vote Results (May 27, 2026)Ross Stores, Inc. (ROST) filed an 8-K on May 27, 2026, detailing the results of its Annual Meeting of Stockholders held on May 20, 2026. The meeting covered four key proposals, all of which received strong support from shareholders. Notably, all nine director nominees were elected to serve for a one-year term. Furthermore, shareholders approved the 2026 Equity Incentive Plan and provided an advisory vote of approval for the company's executive compensation. The appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending January 30, 2027, was also ratified. The overwhelming support across all proposals indicates strong shareholder confidence in the company's leadership, compensation practices, and independent audit oversight.
  4. 8-KROSS STORES, INC. 8-K Report, Financial Results (May 21, 2026)Ross Stores reported a strong first quarter of fiscal 2026 (13 weeks ended May 2, 2026). Sales rose 21% to $6.01 billion, and comparable store sales grew 17% against flat sales a year earlier. Operating margin expanded to 13.4% from roughly 12.2% a year earlier and well above the company's 11.8% to 12.1% plan. Diluted EPS of $2.02 rose 37% and beat the $1.60 to $1.67 guidance range. Management attributed the sales outperformance mainly to customer traffic, new assortments, customer acquisition and marketing, and an improved in-store experience, and noted that higher tax refund spending may have contributed. For the second quarter ending August 1, 2026, management guided to comparable store sales growth of 6% to 7% and diluted EPS of $1.85 to $1.93, implying 19% to 24% growth from $1.56. Fiscal 2026 guidance was raised: comparable store sales growth is now expected at 6% to 7% (on top of a 5% gain in 2025), and EPS is projected at $7.50 to $7.74, up 13% to 17% from $6.61 in fiscal 2025. Prior fiscal 2026 EPS guidance is not included in this filing, so the size of the raise cannot be measured directly from it. Cash generation and capital returns were also solid. Operating cash flow was $836 million versus $410 million a year earlier, and capital expenditures were about $209 million, leaving roughly $627 million of free cash flow. The company repurchased $319 million of stock (1.5 million shares) under a $2.55 billion two-year authorization and remains on track for $1.275 billion of buybacks in fiscal 2026. It also repaid $500 million of long-term debt, reducing total debt to about $1.02 billion from $1.52 billion, and ended the quarter with $4.13 billion in cash. Store count grew to 2,282 from 2,205. Because this is a Form 8-K furnishing Exhibit 99.1, the information is not deemed filed under the Exchange Act.
  5. 8-KROSS STORES, INC. 8-K Report, Financial Results (Mar 3, 2026)Ross Stores (ROST) reported a strong fourth quarter of fiscal 2025 (ended January 31, 2026), with sales up 12% to $6.6 billion and comparable store sales up a robust 9% on top of a 3% gain a year earlier. Operating margin reached 12.3%, above the company's 11.5%-11.8% plan, and diluted EPS of $2.00 beat the $1.77-$1.85 guidance range. Excluding a $0.14 per share gain from a 2024 facility sale, Q4 EPS grew 21%. For the full year, record sales of $22.8 billion rose 8%, comparable store sales grew 5%, and diluted EPS rose to $6.61 from $6.32. Excluding the prior-year facility gain and roughly $0.16 of tariff-related costs, full-year EPS growth was about 10%. Management described a weak first half, citing tariffs and consumer uncertainty, followed by steady improvement and a strong finish. Capital return was expanded. The Board approved a new two-year, $2.55 billion repurchase authorization for fiscal 2026-2027, a 21% increase over the $2.1 billion repurchased in 2024-2025, and raised the quarterly dividend 10% to $0.445 per share. The company repurchased $1.05 billion of stock in fiscal 2025 and generated $3.0 billion of operating cash flow, while year-end cash of $4.6 billion funded $700 million of debt repayment. Long-term debt fell to about $1.0 billion from $1.5 billion a year earlier. For fiscal 2026, management guided first-quarter comparable store sales growth of 7% to 8%, with EPS of $1.60 to $1.67 versus $1.47 a year ago. For the full year, it projects comparable store sales growth of 3% to 4% and EPS of $7.02 to $7.36, versus $6.61 in fiscal 2025. Management cited an encouraging start to the spring season, but the release is forward-looking and carries standard risks, including tariffs, consumer spending, and supply chain disruption.
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04—See also

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