Ross Stores Exceeds Q3 Earnings and Sales Expectations, Raises Comparable Sales Forecast

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Ross Stores, Inc. (ROST) reported third-quarter fiscal 2025 results on [insert date], with net sales of $5.6 billion, a 10% increase year-over-year, surpassing the Zacks Consensus Estimate of $5.41 billion. Earnings per share reached $1.58, exceeding the estimate of $1.40 despite a 5-cent negative impact from tariffs.

Comparable store sales improved by 7% year-over-year, with the strongest performance in cosmetics, shoes, and ladies’ apparel. Ross Stores opened 36 Ross stores and 4 dd’s DISCOUNTS stores during the quarter, completing its targeted expansion of 90 locations for fiscal 2025. The company also plans to close or relocate 10 locations in the fourth quarter.

Looking ahead, Ross Stores expects total sales growth of 6-7% for the fourth quarter and a comps growth of 3-4%. Projected earnings per share for the fourth quarter are between $1.77 – $1.85, raising the full-year EPS outlook to $6.38 – $6.46, with an anticipated impact of 16 cents per share from tariffs.

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