ROSS STORES, INC.ROST
ROSS STORES, INC. Financial Overview 2022–2026
Updated Jul 10, 2026Ross Stores proved the resilience of its off-price model by delivering a massive 17% 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 billion 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 billion. 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 million 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.
Rev
$22.75B
FY2026
NI
$2.15B
FY2026
EPS
$6.66
FY2026
OCF
$3.03B
FY2026
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
ROSS 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.
ROSS STORES, INC. 8-K Report, Financial Results (May 21, 2026)
Ross Stores, Inc. (ROST) has filed a Form 8-K on May 21, 2026, primarily to disclose financial results for its fiscal quarter ended May 2, 2026. This filing indicates that the company has issued a press release detailing its performance for the period. Investors should refer to the attached Exhibit 99.1 for the specific financial figures and commentary. While the 8-K itself does not contain the detailed financial data, it serves as official notification that the press release containing these results is now publicly available. This release is crucial for understanding the company's recent operational and financial condition, including metrics such as sales, earnings, and potentially updated guidance. Investors are advised to carefully review the press release to assess the company's performance against expectations and its outlook for the remainder of the fiscal year.
ROSS STORES, INC. 8-K Report, Financial Results (Mar 3, 2026)
Ross Stores, Inc. (ROST) has filed an 8-K report on March 3, 2026, primarily to announce its financial results for the fiscal quarter and fiscal year ended January 31, 2026. The key details of these results are contained within the attached press release (Exhibit 99.1), which serves as the main source of information for investors regarding the company's performance during this period. Investors should refer to this press release for specific figures on revenue, profitability, and any forward-looking guidance provided by management. The filing itself is procedural, indicating the release of information concerning the company's financial condition and results of operations. While the 8-K itself does not contain the detailed financial data, it directs stakeholders to the press release for a comprehensive overview. This includes information that will be crucial for evaluating the company's current standing and future prospects in the retail sector.
ROSS STORES, INC. 8-K Report, Executive Changes (Nov 24, 2025)
Ross Stores, Inc. (ROST) has announced a significant leadership transition, as detailed in their recent 8-K filing. Executive Chairman Michael Balmuth will be stepping down from his role on January 31, 2026, concluding his tenure as Executive Chairman. He will continue to serve as a Senior Advisor until March 31, 2026. This transition also marks Mr. Balmuth's retirement from the Board of Directors, with the board size expected to reduce by one seat. Investors should note this change as Mr. Balmuth has been a key figure in the company's leadership.
ROSS STORES, INC. 8-K Report, Financial Results (Nov 20, 2025)
Ross Stores, Inc. (ROST) has filed an 8-K report dated November 20, 2025, to announce its financial results for the fiscal quarter ended November 1, 2025. The core of this filing is the attached press release (Exhibit 99.1), which details the company's performance during the reported period. Investors should review this press release for specific figures on revenue, profitability, and any forward-looking guidance provided by the company. This 8-K serves as the formal notification of the earnings release, and while the detailed financial information is contained within the press release, it's important for investors to understand that the information furnished under Item 2.02 is generally not considered 'filed' for the purposes of liability under Section 18 of the Exchange Act. However, the press release itself provides the key operational and financial insights for the quarter.
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