Ross Stores extended its sales and profit growth in the fourth quarter, ending its fiscal year on a strong note.

The company’s sales rose 12 per cent to $6.6 billion during the quarter ended January 31, following a 10 per cent increase in the third quarter.

Comparable store sales rose a robust 9 per cent, on top of a 3 per cent gain last year. 

Net income improved from $587 million in the year-ago period to $646 million. Operating margin was 12.3 per cent, exceeding the guidance of 11.5-11.8 per cent.

“Throughout the holiday season, we delivered compelling merchandise assortments to our stores, benefited from higher customer engagement through our new marketing campaigns, and executed in‑store initiatives that enhanced the customer experience,” commented CEO Jim Conroy.

Full-year performance was also solid, with sales up 8 per cent to $22.8 billion and comparable sales up 5 per cent. Net income was flat at $2.1 billion.

Conroy said the company faced challenges including the impact of tariffs and broader consumer uncertainty during the first half. 

However, underlying trends steadily improved as the year progressed, supported by merchandising efforts, enhanced marketing programs, and improved shopping experience, he added.

For FY26, Ross Stores expects comparable store sales to grow 3-4 per cent.