Off-price retail company Ross Stores (NASDAQ: ROST) will be announcing earnings results this Thursday after market close. Here’s what to look for.

Ross Stores met analysts’ revenue expectations last quarter, reporting revenues of $5.53 billion, up 4.6% year on year. It was a satisfactory quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations but full-year EPS guidance slightly missing analysts’ expectations.

Is Ross Stores a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Ross Stores’s revenue to grow 7.6% year on year to $5.46 billion, improving from the 3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.41 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ross Stores has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Ross Stores’s peers in the general merchandise retail segment, only Dillard's has reported results so far. It beat analysts’ revenue estimates by 3.1%, delivering year-on-year sales growth of 2.7%. The stock traded up 4.8% on the results.

Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the general merchandise retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 9% on average over the last month. Ross Stores is up 4.2% during the same time and is heading into earnings with an average analyst price target of $167.35 (compared to the current share price of $159.94).

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