NASDAQ$ROST

Ross Stores Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Ross Stores delivered Q2 results with solid revenue growth and earnings slightly above guidance despite tariff headwinds.

Ross Stores reported a 5% increase in revenue and EPS of $1.56 for Q2 2025, with improved July sales and modestly better-than-expected earnings.

  • Revenue rose to $5.53B, up from $5.29B in Q2 2024
  • EPS was $1.56, with a $0.11 negative impact from tariffs
  • Net income totaled $508M, slightly below the prior year
  • Sales rebounded strongly in July, driven by back-to-school trends

Headline financials

Total Revenue

$5.53B

Previous: $5.29B+4.6%
EPS

$1.56

Previous: $1.59-1.9%
Store Count

2.2K

No prior period
Capital Expenditures

-$409M

Previous: -$334M-22.6%
Free Cash Flow

$98.9M

Previous: $193M-48.9%
Net Income

$508M

Previous: $527M-3.6%
Operating Income

$638M

Previous: -$4.63B+113.8%
Gross Profit

$1.53B

Previous: $1.5B+2.1%
Cash & Equivalents

$3.85B

Previous: $4.67B-17.6%
Total Assets

$14.5B

Previous: $14.7B-1.2%

Revenue & EPS history

Ross Stores · Revenue · Quarterly

$5.53B

Q2 2025+4.6%vs Q2 2024
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Ross Stores expects moderate growth for the second half of FY25, with cautious planning due to ongoing macroeconomic uncertainty.

Tailwinds

  • Comparable store sales growth forecasted at 2% to 3% for Q3 and Q4
  • Q3 EPS guidance of $1.31 to $1.37
  • Q4 EPS guidance of $1.74 to $1.81
  • Full-year EPS forecasted between $6.08 to $6.21
  • Continued focus on value proposition and market share growth

Headwinds

  • Tariff impact expected to reduce Q3 EPS by $0.07 to $0.08
  • Tariff impact expected to reduce Q4 EPS by $0.04 to $0.06
  • FY25 EPS includes $0.22 to $0.25 drag from trade policies
  • Operating margin declined 95 bps YoY in Q2
  • Macroeconomic and geopolitical uncertainty may affect consumer behavior

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 Q2 2025

Historical avgQ2 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro