GAAP Revenue: GAAP revenue was RMB 1.92 billion for Q1 2025, representing 13% year-over-year growth driven by both key account and small-sized account expansion. Net Income: Net income (GAAP) was RMB 510 million for Q1 2025, up 112% year-over-year; adjusted net income reached RMB 764 million for Q1 2025, up 44% year-over-year.

Q1 2025 Earnings Call Transcript May 22, 2025 Ross Stores, Inc. beats earnings expectations. Reported EPS is $1.47, expectations were $1.44. Operator: Good afternoon, and welcome to the Ross Stores First Quarter 2025 Earnings Release Conference Call.