• Ross Stores average gross margin for 2024 was 27.72%, a 7.03% increase from 2023.
• Ross Stores average gross margin for 2023 was 25.9%, a 2.12% increase from 2022.
• Ross Stores average gross margin for 2022 was 26.46%, a 1.73% decline from 2021.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.