Ross Stores (ROST) Q4 2025 10-Q Quarterly Report
Filed: Dec 10, 2025Period ending Nov 1, 2025
Consumer Discretionary
Retail-Family Clothing StoresSEC EDGAR Ross Stores (ROST) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Dec 10, 2025 for the fiscal period ending Nov 1, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Ross Stores Q4 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $5.6B Q3 FY25, up 10% YoY from $5.1B, driven by 7% comp store sales (+$0.3B) and $0.2B non-comp store sales
- • Operating margin 11.6% Q3 FY25 vs 11.9% YoY; net earnings margin 9.1% vs 9.6%; 35bps margin decline due to tariffs and higher distribution costs
- • Ross Dress for Less segment expansion: 36 new stores added Q3 FY25, total stores 1,909; dd’s DISCOUNTS stores flat Q3
- • Operating cash flow $1.9B nine months FY25, up $0.4B YoY; capital expenditures $618M nine months, up $104M YoY due to distribution center build
- • Near-term: Inflation, tariffs, geopolitical risks remain headwinds; management expects continued investment in stores and supply chain; $800M planned capex for FY25; stock repurchases ongoing with $262.5M remaining authorization
Risk Factors
- • New risk from increased U.S.-China tariffs and trade policy uncertainty impacting sourcing and costs of over half the merchandise from China
- • Updated risk: elevated inflation, including fuel and energy costs, intensifies pressure on merchandise costs and consumer spending behaviors
- • Regulatory risk: potential trade restrictions, import duties, and tariffs could increase cost of goods and effective tax rates, reducing profitability
- • Operational risk: supply chain disruptions, global shipping capacity limits, and geopolitical conflicts threaten inventory flow and product availability
- • Financial risk: imported merchandise priced in USD but subject to foreign currency fluctuations and tariff changes could increase cost of goods sold
Ross Stores Q4 2025 Quarterly FinancialsXBRL
Revenue
$5.6B
▲ +10.4% YoY▲ +1.3% QoQ
Net Income
$512M
▲ +4.7% YoY▲ +0.8% QoQ
Net Margin
9.1%
▼ -50bp YoY▼ -5bp QoQ
Source: XBRL data from Ross Stores Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.
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