Stock-Based Compensation (Tables)

3 Months Ended

May 03, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Restricted Stock and Performance Awards Activity

A summary of stock awards activity for the three month period ended May 3, 2025, is presented below:


	Number of shares (000)	Weighted-average grant date fair value
Unvested at February 1, 2025	4,157	$	117.02
Awarded	582	126.72
Released	(1,110)	111.56
Forfeited	(40)	111.81
Unvested at May 3, 2025	3,589	$	120.34

Schedule of Recognized Stock-Based Compensation

For the three month periods ended May 3, 2025 and May 4, 2024, the Company recognized stock-based compensation expense as follows:


	Three Months Ended
($000)	May 3, 2025		May 4, 2024
Restricted stock	$	26,349	$	23,234
Performance awards	11,862		16,114
Employee stock purchase plan	1,085		1,099
Total	$	39,296	$	40,447

Schedule of Stock-Based Compensation Recognized in the Consolidated Statements of Earnings

Total stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Earnings for the three month periods ended May 3, 2025 and May 4, 2024 is as follows:


	Three Months Ended
Statements of Earnings Classification ($000)	May 3, 2025		May 4, 2024
Cost of goods sold	$	17,603	$	19,625
Selling, general and administrative	21,693		20,822
Total	$	39,296	$	40,447

ROSS STORES, INC. 10-Q