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Nov 01, 2025
Ross Stores Q3 2025 Earnings Report
Ross Stores beat Q3 expectations with strong sales growth and improved margins.
Key Takeaways
Ross Stores delivered a solid Q3 FY25 with higher-than-expected revenue and earnings. Strong comparable sales and disciplined cost control led to robust profitability and an 11.6% operating margin.
EPS reached $1.58, above guidance, despite a $0.05 EPS hit from tariff-related costs.
Revenue rose to $5.6 billion, driven by a 7% increase in comparable store sales.
Net income climbed to $512 million from $489 million the prior year.
Strong customer response to marketing campaigns and back-to-school merchandise fueled performance.
Revenue by Geographic Location
Forward Guidance
Ross raised its Q4 guidance and full-year EPS outlook, signaling strong momentum heading into the holiday season.
Positive Outlook
- Raised Q4 comparable sales forecast to 3–4%
- Q4 EPS guided to $1.77–$1.85
- Full-year EPS outlook raised to $6.38–$6.46
- Tariff-related costs expected to be negligible in Q4
- Strong holiday positioning with compelling merchandise and marketing
Challenges Ahead
- Q3 benefited from favorable timing of packaway expenses not recurring in Q4
- Tariff-related costs still impacted year-to-date earnings by $0.16 per share
- Continued macroeconomic headwinds including inflation
- Potential challenges in maintaining momentum post-holiday season
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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