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Ross Stores: From New Stores To New Shoppers—Is This The Most Underrated Growth Story In Retail?

Ross Stores reported solid financial results for the fourth quarter and fiscal year 2025, demonstrating momentum in both sales growth and profitability. Total sales in Q4 rose 12% to $6.6 billion, driven by a 9% increase in comparable store sales (comps), primarily fueled by higher customer transactions and broad-based strength across merchandise categories such as shoes and cosmetics. Weather-related factors dampened comps by about one percentage point during the quarter. The company also expanded its store base with 80 Ross Dress for Less locations and 10 dd’s DISCOUNTS stores, including entry into new markets like the New York Metro area and Puerto Rico, ending the year with 2,267 stores total. Full-year sales grew 8%, reaching a record $22.8 billion, with comps up 5% on top of a 3% gain the previous year. Earnings per share were $6.