$ROST

ROSS STORES, INC.

CIK:0000745732|SEC Filings

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Income Statement [Abstract]
Sales	$ 6,264,886	$ 5,529,152	$ 12,275,362	$ 10,514,123
Costs and Expenses
Cost of goods sold	4,145,215	4,002,167	8,375,804	7,583,533
Selling, general and administrative	1,016,053	888,711	1,991,914	1,685,846
Operating income	1,103,618	638,274	1,907,644	1,244,744
Interest income, net	(31,144)	(32,346)	(64,593)	(66,755)
Earnings before taxes	1,134,762	670,620	1,972,237	1,311,499
Provision for taxes on earnings	283,463	162,625	470,974	324,255
Net earnings	$ 851,299	$ 507,995	$ 1,501,263	$ 987,244
Earnings per share
Basic (in dollars per share)	$ 2.68	$ 1.57	$ 4.72	$ 3.05
Diluted (in dollars per share)	$ 2.66	$ 1.56	$ 4.69	$ 3.03
Weighted-average shares outstanding (000)
Basic (in shares)	317,687	323,000	318,322	323,938
Diluted (in shares)	319,450	324,796	320,343	325,909

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Cash Flows From Operating Activities
Net earnings	$ 1,501,263	$ 987,244
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	272,790	242,337
Stock-based compensation	106,377	83,239
Deferred income taxes	51,130	51,945
Change in assets and liabilities:
Merchandise inventory	(456,400)	(163,972)
Other current assets	(85,729)	(92,049)
Accounts payable	226,307	101,937
Other current liabilities	65,676	(83,135)
Income taxes	29,788	(54,139)
Operating lease assets and liabilities, net	166	4,301
Other long-term, net	399	369
Net cash provided by operating activities	1,711,767	1,078,077
Cash Flows From Investing Activities
Additions to property and equipment	(460,217)	(409,105)
Net cash used in investing activities	(460,217)	(409,105)
Cash Flows From Financing Activities
Issuance of common stock related to stock plans	13,183	12,380
Treasury stock purchased	(136,595)	(64,420)
Repurchase of common stock	(637,500)	(525,021)
Excise tax paid on repurchase of common stock	(9,496)	(9,443)
Dividends paid	(286,191)	(265,637)
Payment of long-term debt	(500,000)	(700,000)
Net cash used in financing activities	(1,556,599)	(1,552,141)
Net decrease in cash, cash equivalents, and restricted cash and cash equivalents	(305,049)	(883,169)
Cash, cash equivalents, and restricted cash and cash equivalents:
Beginning of period	4,661,973	4,796,462
End of period	4,356,924	3,913,293
Supplemental Cash Flow Disclosures
Interest paid	19,839	35,939
Income taxes paid, net	$ 390,056	$ 326,449

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
Current Assets
Cash and cash equivalents	$ 4,288,124	$ 4,594,392	$ 3,847,016
Accounts receivable	248,140	181,301	210,520
Merchandise inventory	3,087,370	2,630,970	2,608,485
Prepaid expenses and other	252,726	233,434	259,815
Total current assets	7,876,360	7,640,097	6,925,836
Property and Equipment
Land and buildings	1,838,383	1,836,167	1,821,855
Fixtures and equipment	5,310,383	5,056,827	4,883,392
Leasehold improvements	1,900,782	1,861,160	1,727,314
Construction-in-progress	558,837	477,290	394,493
Property and equipment, gross	9,608,385	9,231,444	8,827,054
Less accumulated depreciation and amortization	5,350,579	5,142,684	4,920,714
Property and equipment, net	4,257,806	4,088,760	3,906,340
Operating lease assets	3,545,351	3,519,610	3,374,582
Other long-term assets	302,763	300,270	288,761
Total assets	15,982,280	15,548,737	14,495,519
Current Liabilities
Accounts payable	2,621,740	2,386,418	2,205,613
Accrued expenses and other	744,284	666,978	655,218
Current operating lease liabilities	752,302	727,855	716,162
Accrued payroll and benefits	440,837	484,407	315,893
Income taxes payable	84,916	61,779	0
Current portion of long-term debt	241,459	499,743	499,122
Total current liabilities	4,885,538	4,827,180	4,392,008
Long-term debt	777,053	1,017,863	1,017,218
Non-current operating lease liabilities	2,968,337	2,966,877	2,835,481
Other long-term liabilities	295,611	287,947	279,258
Deferred income taxes	312,557	261,427	238,985
Commitments and contingencies
Stockholders’ Equity
Common stock, par value $.01 per share Authorized 1,000,000,000 shares Issued and outstanding 319,668,000, 322,333,000 and 325,531,000 shares, respectively	3,197	3,223	3,255
Additional paid-in capital	2,359,505	2,257,354	2,170,734
Treasury stock	(935,883)	(799,288)	(783,830)
Retained earnings	5,316,365	4,726,154	4,342,410
Total stockholders’ equity	6,743,184	6,187,443	5,732,569
Total liabilities and stockholders’ equity	$ 15,982,280	$ 15,548,737	$ 14,495,519