Segment Reporting

3 Months Ended

May 02, 2026

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company has two operating segments: Ross and dd’s DISCOUNTS. The operations of each operating segment include only activities related to off-price retailing in stores throughout the United States and its territories. The Company determined that the two operating segments share similar economic and other qualitative characteristics and are therefore aggregated into one reportable segment.

The Company considers operating income, defined as earnings before interest and taxes, to be the measure of profit or loss for its reportable segment. The measure of segment assets is reported on the Condensed Consolidated Balance Sheets as Total assets. Segment information is prepared on the same basis that the Company’s Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), manages the segments. The CODM uses operating income to monitor budget versus actual results, make key operating decisions, perform competitive analysis to the Company’s peers, and make resource allocation decisions.

The financial information below, including the significant expense categories regularly provided to the CODM, is presented for the Company’s reportable segment for the three month periods ended May 2, 2026 and May 3, 2025:

	Three Months Ended
($000)	May 2, 2026		May 3, 2025
Sales	$	6,010,476	$	4,984,971
Costs and Expenses1
Cost of goods sold, excluding occupancy costs2	3,873,957		3,254,651
Occupancy costs3	356,632		326,715
Store-related costs4	801,156		677,414
Other segment items5	174,705		119,721
Segment operating income	804,026		606,470
Interest income, net6	(33,449)		(34,409)
Earnings before taxes	$	837,475	$	640,879
1 Refer to Note A: Summary of Significant Accounting Policies in the Notes to Condensed Consolidated Financial Statements for depreciation and amortization expense.
2 Cost of goods sold, excluding occupancy costs primarily includes merchandise related costs, distribution costs, freight costs, and buying costs.
3 Occupancy costs primarily includes rent, depreciation, and amortization related to the Company’s retail stores.
4 Store-related costs primarily includes store payroll, other store operating expenses, and advertising costs.
5 Other segment items primarily includes other general and administrative expenses.
6 Refer to Note A: Summary of Significant Accounting Policies in the Notes to Condensed Consolidated Financial Statements for disclosure of the components of Interest income, net.