# EDGAR Filing Document

**Accession Number:** 0000745732
**File Stem:** 0000745732-26-000025
**Filing Date:** 2026-5
**Character Count:** 20736
**Document Hash:** 9910c01013cb8be91b43916c61f17e7e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000745732-26-000025.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000745732-26-000025

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260521

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROSS STORES, INC.
- **CENTRAL INDEX KEY:** 0000745732
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-FAMILY CLOTHING STORES [5651]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 941390387
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0201

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-14678
- **FILM NUMBER:** 261008267

**BUSINESS ADDRESS:**
- **STREET 1:** 5130 HACIENDA DRIVE
- **CITY:** DUBLIN
- **STATE:** CA
- **ZIP:** 94568
- **BUSINESS PHONE:** 9259654400

**MAIL ADDRESS:**
- **STREET 1:** 5130 HACIENDA DRIVE
- **CITY:** DUBLIN
- **STATE:** CA
- **ZIP:** 94568

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROSS STORES INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? rost-20260521

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**Form 8-K** 

**CURRENT REPORT** 

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| |
|:---|
| **PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**  |
| Date of report (date of earliest event reported): |
| **May 21, 2026** |

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**ROSS STORES, INC.** 

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **0-14678**  | **94-1390387** |
| (State or other jurisdiction of incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) |

---

**5130 Hacienda Drive, Dublin, California 94568**

(Address of principal executive offices)

Registrant's telephone number, including area code:

**(925) 965-4400** 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Trading symbol</u> | <u>Name of each exchange on which registered</u> |
| **Common stock, par value $.01** | **ROST** | **NASDAQ Global Select Market** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 Results of Operations and Financial Condition.**

On May 21, 2026, the Company issued a press release regarding the Company's financial results for its fiscal quarter ended May 2, 2026. The full text of the Company's press release is attached hereto as Exhibit 99.1.

The information furnished with this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)&nbsp;&nbsp;&nbsp;&nbsp; Exhibits. &nbsp;&nbsp;&nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| 99.1 | <u>[May 21, 2026, Press Release by Ross Stores, Inc.](q126exhibit991.htm)</u> |
| 104 | Cover Page Interactive Data File. (The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 21, 2026

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| | |
|:---|:---|
| **ROSS STORES, INC.** | **ROSS STORES, INC.** |
| Registrant | Registrant |
| By: | /s/ William W. Sheehan II |
|  | William W. Sheehan II |
|  | Executive Vice President and Chief Financial Officer |

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## Exhibit 99.1

**Exhibit 99.1**

![image_0a.jpg](image_0a.jpg)_______________________________________________________________

**FOR IMMEDIATE RELEASE**

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| | | |
|:---|:---|:---|
| **<u>Contacts:</u>** | William W. Sheehan II | Connie Kao |
|  | Executive Vice President, | Senior Vice President, Investor Relations |
|  | Chief Financial Officer | (925) 965-4668 |
|  | (925) 965-4150 | connie.kao@ros.com |

---

**Ross Stores Reports Robust First Quarter Sales and Earnings Results,** 

**Significantly Exceeding Guidance**

**Provides Solid Second Quarter Guidance and Increases Fiscal 2026 Outlook**

**Dublin, California, May 21, 2026** -- Ross Stores, Inc. (Nasdaq: ROST) today reported financial results for the 13-week quarter ended May 2, 2026.

**Highlights:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total sales for the first quarter of fiscal 2026 increased 21% compared to last year, with comparable store sales up a very robust 17%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• First quarter operating margin of 13.4% was well above the Company's plan of 11.8% to 12.1%, primarily from the strong sales outperformance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings per share for the first quarter of $2.02 grew 37%, significantly exceeding guidance of $1.60 to $1.67

Jim Conroy, Chief Executive Officer, commented, "We achieved outstanding sales and earnings results in the first quarter with superb execution throughout the business, especially the transition of our Spring assortment. Momentum was solid throughout the quarter, with broad-based strength across the business. Customer traffic was the primary driver of the strong sales trend as compelling merchandise assortments, higher customer acquisition and engagement from our ongoing marketing initiatives, and an improved in-store experience are resonating with shoppers. We believe our results also benefited from higher consumer spending related to tax refunds."

**ROSS STORES, INC.** 5130 Hacienda Drive, Dublin, CA 94568 (925) 965-4400

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>First Quarter Results</u>**

Sales increased 21% to $6.0 billion, up from $5.0 billion in 2025. Comparable store sales rose a very robust 17% for the quarter versus flat sales last year. Net income was $650 million versus $479 million last year, while earnings per share increased 37% to $2.02, compared with $1.47 per share in the prior year period.

**<u>Update on Shareholder Payouts</u>**

During the first quarter of fiscal 2026, a total of 1.5 million shares of common stock were repurchased for an aggregate price of $319 million under the Company's two-year $2.55 billion authorization approved by its Board of Directors in March 2026. The Company remains on track to buy back a total of $1.275 billion in common stock during fiscal 2026.

**<u>Fiscal 2026 Guidance</u>**

Mr. Conroy commented, "Looking ahead, we exited the first quarter with solid momentum, and our underlying business fundamentals remain very strong. As such, for the 13 weeks ending August 1, 2026, comparable store sales are forecasted to increase 6% to 7%. If sales perform in line with this forecast, earnings per share are projected to be $1.85 to $1.93 or growth of 19% to 24%, compared to $1.56 for the second quarter ended August 2, 2025."

Mr. Conroy continued, "Based on our first quarter results and our second quarter guidance, we are increasing our 2026 fiscal year same store sales growth to 6% to 7% on top of a 5% gain in 2025. As a result, fiscal 2026 earnings per share are now projected to be in the range of $7.50 to $7.74, or growth of 13% to 17% when compared to $6.61 for the fiscal year ended January 31, 2026."

Mr. Conroy concluded, "The year is off to a very strong start with the entire organization executing at a high level. As our efforts to improve topline growth continue, we remain focused on disciplined, consistent execution across the business. Moving forward, we believe we are well positioned to capture additional market share and drive profitable growth over the long term."

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The Company will host a conference call on Thursday, May 21, 2026 at 4:15 p.m. Eastern time to provide additional details concerning its first quarter results and management's outlook for the second quarter. A real-time audio webcast of the conference call will be available in the Investors section of the Company's website, located at <u>www.rossstores.com</u>. An audio playback will be available at 201-612-7415, PIN #13760373 until 8:00 p.m. Eastern time on May 28, 2026, as well as on the Company's website.

***<u>Forward-Looking Statements:</u>*** *This press release and the related conference call remarks contain forward-looking statements regarding, without limitation, projected sales, costs and earnings, planned new store growth, capital expenditures, liquidity and other matters. These forward-looking statements reflect our then-current beliefs, plans, and estimates with respect to future events and our projected financial performance, operations, and competitive position, and they are subject to risks and uncertainties which could cause our actual results to differ materially from management's current expectations. The words "plan," "expect," "target," "anticipate," "estimate," "believe," "forecast," "projected," "guidance," "outlook," "looking ahead," and similar expressions identify forward-looking statements. Risk factors for Ross Dress for Less*<sup>®</sup> *("Ross") and dd's DISCOUNTS*<sup>®</sup> *include without limitation, risk from adverse changes in the macroeconomic environment, government regulations and policies, geopolitical conditions, and financial and credit markets; continuing inflation and other external economic events and trends may have significant negative effects on our costs, and also on consumer confidence, shopping behavior, and spending; tariff increases (or threats of increases), and other changes and uncertainty in U.S. trade or tax policy regarding apparel, home-related merchandise, shoes, and other goods we sell that is produced in other countries; competitive pressures and the pace of change in the retailing industry; unexpected changes in the level of consumer spending or preferences; adverse or unseasonable weather may affect shopping patterns and consumer demand for seasonal apparel and other merchandise, and may result in temporary store closures and disruptions in deliveries of merchandise to our stores; our dependence on the market availability, quantity, and quality of attractive brand name merchandise at desirable discounts, and on the ability of our buyers to source and purchase merchandise to enable us to offer customers a wide assortment of merchandise at competitive prices; our need to expand in existing markets and enter new geographic markets in order to achieve growth; our need to obtain acceptable new store sites with favorable consumer demographics in order to achieve growth; our need to continually attract, train, and retain associates with the retail talent necessary to execute our off-price retail strategies, as well as labor shortages, increased turnover, or increased labor costs; our need to effectively manage our inventories, markdowns, and inventory shortage in order to achieve our planned gross margins; information or data security breaches, including cyberattacks on our transaction processing and computer information systems, including malware intrusion, data exfiltration, identity theft, and other types of cybersecurity threats, could disrupt our operations, result in theft or unauthorized disclosure of our confidential and valuable business information or credit card and other customer information, and could disrupt our operations, damage our reputation, increase our costs, and create significant legal exposure; disruptions in our supply chain or in our information systems could impact our ability to process sales and to deliver product to our stores in a timely and cost-effective manner; risks associated with importing and selling merchandise produced in other countries; damage to our corporate reputation or brands; a natural or man-made disaster in a region where we have a concentration of stores, offices, or a distribution center; consumer problems or legal issues involving the quality, safety, or authenticity of products we sell could harm our reputation, result in lost sales, and/or increase our costs; an adverse outcome in various legal, regulatory, or tax matters, could damage our reputation or brand and increase our costs. Other risk factors are set forth in our SEC filings including the Form 10-K for fiscal 2025 and fiscal 2026 Form 8-Ks on file with the SEC. The factors underlying our forecasts and plans are dynamic and subject to change. As a result, any forecasts or forward-looking statements speak only as of the date they are given and do not necessarily reflect our outlook at any other point in time. We disclaim any obligation to update or revise these forward-looking statements.*

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**<u>About Ross Stores, Inc.</u>**

Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2025 revenues of $22.8 billion. Currently, the Company operates Ross Dress for Less<sup>®</sup> ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,917 locations in 44 states, the District of Columbia, Guam, and Puerto Rico. Ross offers first-quality, in-season, brand name and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. The Company also operates 365 dd's DISCOUNTS<sup>®</sup> stores in 23 states that feature a more moderately-priced assortment of first-quality, in-season apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day. Additional information is available at <u>www.rossstores.com</u>.

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| | | |
|:---|:---|:---|
| **Ross Stores, Inc.** | **Ross Stores, Inc.** | **Ross Stores, Inc.** |
| **Condensed Consolidated Statements of Earnings** | **Condensed Consolidated Statements of Earnings** | **Condensed Consolidated Statements of Earnings** |
| | **Three Months Ended** | **Three Months Ended** |
| ($000, except stores and per share data, unaudited) | **May 2, 2026** | May 3, 2025 |
| **Sales** | $**6010476** | $4984971 |
| **Costs and Expenses** |  |  |
| Cost of goods sold | **4230589** | 3581366 |
| Selling, general and administrative | **975861** | 797135 |
| Operating income | **804026** | 606470 |
| Interest income, net | **(33449)** | (34409) |
| Earnings before taxes | **837475** | 640879 |
| Provision for taxes on earnings | **187511** | 161630 |
| Net earnings | $**649964** | $479249 |
| **Earnings per share** |  |  |
| Basic | $**2.04** | $1.48 |
| Diluted | $**2.02** | $1.47 |
| **Weighted-average shares outstanding (000)** |  |  |
| Basic | **318957** | 324877 |
| Diluted | **321231** | 327005 |
| Store count at end of period | **2282** | 2205 |

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| | | |
|:---|:---|:---|
| **Ross Stores, Inc.** | **Ross Stores, Inc.** | **Ross Stores, Inc.** |
| **Condensed Consolidated Balance Sheets** | **Condensed Consolidated Balance Sheets** | **Condensed Consolidated Balance Sheets** |
| ($000, unaudited) | **May 2, 2026** | May 3, 2025 |
| **Assets** |  |  |
| **Current Assets** |  |  |
| Cash and cash equivalents | $**4130980** | $3783413 |
| Accounts receivable | **212540** | 181004 |
| Merchandise inventory | **2976958** | 2669849 |
| Prepaid expenses and other | **252941** | 240837 |
| Total current assets | **7573419** | 6875103 |
| Property and equipment, net | **4147666** | 3827541 |
| Operating lease assets | **3531945** | 3325849 |
| Other long-term assets | **301542** | 276123 |
| Total assets | $**15554572** | $14304616 |
| **Liabilities and Stockholders' Equity** |  |  |
| **Current Liabilities** |  |  |
| Accounts payable | $**2653741** | $2163954 |
| Accrued expenses and other | **696511** | 616008 |
| Current operating lease liabilities | **735528** | 702025 |
| Accrued payroll and benefits | **376760** | 274877 |
| Income taxes payable | **210971** | 180083 |
| Current portion of long-term debt | **241344** | 498812 |
| Total current liabilities | **4914855** | 4435759 |
| Long-term debt | **776843** | 1016897 |
| Non-current operating lease liabilities | **2969435** | 2797935 |
| Other long-term liabilities | **292944** | 268698 |
| Deferred income taxes | **295492** | 209249 |
| Commitments and contingencies |  |  |
| **Stockholders' Equity** | **6305003** | 5576078 |
| Total liabilities and stockholders' equity | $**15554572** | $14304616 |

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| | | |
|:---|:---|:---|
| **Ross Stores, Inc.** | **Ross Stores, Inc.** | **Ross Stores, Inc.** |
| **Condensed Consolidated Statements of Cash Flows** | **Condensed Consolidated Statements of Cash Flows** | **Condensed Consolidated Statements of Cash Flows** |
| | **Three Months Ended** | **Three Months Ended** |
| ($000, unaudited) | **May 2, 2026** | May 3, 2025 |
| **Cash Flows From Operating Activities** |  |  |
| Net earnings | $**649964** | $479249 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |  |  |
| Depreciation and amortization | **132599** | 115938 |
| Stock-based compensation | **59120** | 39296 |
| Deferred income taxes | **34065** | 22209 |
| Change in assets and liabilities: |  |  |
| Merchandise inventory | **(345988)** | (225336) |
| Other current assets | **(50547)** | (58426) |
| Accounts payable | **262115** | 67182 |
| Other current liabilities | **(57344)** | (173946) |
| Income taxes | **153136** | 139086 |
| Operating lease assets and liabilities, net | **(2104)** | 1351 |
| Other long-term, net | **993** | 3112 |
| Net cash provided by operating activities | **836009** | 409715 |
| **Cash Flows From Investing Activities** |  |  |
| Additions to property and equipment | **(208954)** | (207378) |
| Net cash used in investing activities | **(208954)** | (207378) |
| **Cash Flows From Financing Activities** |  |  |
| Issuance of common stock related to stock plans | **6616** | 6143 |
| Treasury stock purchased | **(134171)** | (60131) |
| Repurchase of common stock | **(318750)** | (262521) |
| Dividends paid | **(143559)** | (133300) |
| Payment of long-term debt | **(500000)** | (700000) |
| Net cash used in financing activities | **(1089864)** | (1149809) |
| Net decrease in cash, cash equivalents, and restricted cash and cash equivalents | **(462809)** | (947472) |
| Cash, cash equivalents, and restricted cash and cash equivalents: |  |  |
| Beginning of period | **4661973** | 4796462 |
| End of period | $**4199164** | $3848990 |
| Reconciliations: |  |  |
| Cash and cash equivalents | $**4130980** | $3783413 |
| Restricted cash and cash equivalents included in prepaid expenses and other | **21137** | 17050 |
| Restricted cash and cash equivalents included in other long-term assets | **47047** | 48527 |
| Total cash, cash equivalents, and restricted cash and cash equivalents: | $**4199164** | $3848990 |
| **Supplemental Cash Flow Disclosures** |  |  |
| Interest paid | $**19839** | $35939 |
| Income taxes paid, net | $**309** | $334 |

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