NASDAQ$ROST

Ross Stores Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Ross Stores posted slightly improved earnings and sales in Q1 2025, with results at the high end of guidance.

Ross Stores delivered solid Q1 2025 results, with EPS slightly up and revenue reaching $5.0 billion. Despite a slow February, performance strengthened through the quarter, though net income slightly declined year-over-year.

  • EPS reached $1.47, up from $1.46 in the prior year.
  • Revenue grew to $4,984,971,000 compared to $4,858,067,000 in Q1 2024.
  • Net income totaled $479,249,000, a slight decrease from last year.
  • Operating margin remained flat YoY at 12.2%, and sales improved month by month during the quarter.

Headline financials

Total Revenue

$4.98B

Previous: $4.86B+2.6%
EPS (adj)

$1.47

Previous: $1.46+0.7%
Store Count

2.2K

No prior period
Capital Expenditures

-$207M

Previous: -$136M-52.2%
Net Income

$479M

Previous: $488M-1.8%
Operating Income

$606M

Previous: -$4.27B+114.2%

Revenue & EPS history

Ross Stores · Revenue · Quarterly

$4.98B

Q1 2025+2.6%vs Q1 2024
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Ross Stores projects flat to 3% comparable store sales growth for Q2 2025, with EPS between $1.40 and $1.55, factoring in tariff-related costs.

Tailwinds

  • Comparable sales expected to be flat to +3% in Q2.
  • Earnings guidance includes resilient profit despite tariff pressures.
  • Sales trend improved throughout Q1.
  • Company remains financially strong with large cash reserves.
  • Seasoned executive team in place to manage uncertainties.

Headwinds

  • Tariff impact estimated at $0.11 to $0.16 per share in Q2.
  • Annual guidance withdrawn due to uncertainty.
  • Continued macroeconomic and geopolitical uncertainty.
  • More than half of merchandise originates from China, increasing exposure to tariffs.
  • Pressure expected on profitability if trade conditions persist.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.7%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+0.6%

Avg return

30 days after

63%

41 / 65 earnings

Positive

+11.8%

Q3 2017

Best reaction

-22.6%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2025-0.6%+4.7%+8.7%
Q3 2025+5.4%+10.7%+13.7%
Q2 2025+1.1%+3.2%+0.4%
Q1 2025-9.7%-8.2%-16.1%
Q4 2024+2.0%-2.8%-4.2%
Q3 2024+4.9%+10.8%+7.1%
Q2 2024+0.8%-0.4%+0.2%
Q1 2024+8.1%+4.7%+13.5%
Q4 2023-1.2%-2.8%-6.8%
Q3 2023+3.9%+5.4%+8.0%
Q2 2023+3.0%+2.2%+2.6%
Q1 2023+0.9%-1.8%+3.9%
Q4 2022-0.2%+1.4%-7.0%
Q3 2022+11.5%+19.5%+18.1%
Q2 2022-2.0%-5.2%-2.8%
Q1 2022-22.6%-16.4%-19.4%
Q4 2021+4.0%-2.1%-1.0%
Q3 2021-3.2%-0.9%-7.3%
Q2 2021-0.7%-0.2%-7.6%
Q1 2021-1.5%-1.0%-7.9%
Q4 2020-7.9%-6.2%-0.0%
Q3 2020-2.1%+1.9%+5.7%
Q2 2020-3.4%+1.1%+2.2%
Q1 2020+3.3%+4.1%+2.7%
Q4 2019-2.2%-8.5%-29.1%
Q3 2019+1.0%+4.4%+4.3%
Q2 2019-2.6%-3.0%-0.9%
Q1 2019-1.9%-3.4%+10.0%
Q4 2018+0.9%-4.9%+4.1%
Q3 2018-10.5%-11.9%-15.4%
Q2 2018+1.8%+1.3%+4.4%
Q1 2018-6.4%-6.5%+4.1%
Q4 2017-3.3%-1.2%+2.3%
Q3 2017+11.8%+12.5%+17.6%
Q2 2017+8.6%+8.9%+11.7%
Q1 2017+1.1%+0.8%-2.3%
Q4 2016-3.4%-3.0%-3.7%
Q3 2016+6.5%+8.0%+8.9%
Q2 2016+4.4%+3.2%-0.6%
Q1 2016-3.4%
Q4 2015+5.0%
Q3 2015+9.5%
Q2 2015-10.2%
Q1 2015-3.9%
Q4 2014+7.5%
Q3 2014+8.7%
Q2 2014+6.4%
Q1 2014+1.1%
Q4 2013+1.5%
Q3 2013-6.9%
Q2 2013+3.4%
Q1 2013+1.0%
Q4 2012+5.4%
Q3 2012-2.5%
Q2 2012+1.4%
Q1 2012+1.1%
Q4 2011+2.3%
Q4 2009+2.3%
Q3 2010+1.0%
Q3 2011+1.0%
Q2 2011+0.3%
Q2 2010+0.3%
Q4 2010+5.3%
Q1 2011+5.3%
Q1 2010+5.3%

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