The business ended its year on a high note with better-than-expected earnings and sales amid traffic gains and provided an upbeat outlook.
In the earnings statement, Ross CEO Jim Conroy said the company ended the fourth quarter with solid momentum and “while early, we are encouraged by the very strong start to the spring season”.
The off-price giant added 90 stores during fiscal 2025 (80 new Ross Dress for Less and 10 DD’s Discounts), including its first-ever locations in the New York Metro area and Puerto Rico. The retailer is picking up the pace slightly this year, with plans to open 110 new stores, including 85 Ross stores and 25 DD’s Discounts.
“As we continue to identify attractive real estate opportunities across our markets, we remain confident in the long-term potential to grow Ross and DD’s chains to 2,900 and 700 stores, respectively, expanding our reach to even more customers over time,” Conroy said on the earnings call.
