Ross Stores Reports Strong Q2 Performance with Raised Earnings Guidance
Ross Stores (NASDAQ:ROST) reported a strong second-quarter performance, leading to an upward revision in its full-year fiscal 2026 earnings guidance. The off-price retailer now expects FY26 EPS of $8.61–$8.77 compared to the previous range of $7.50–$7.74 and consensus estimates of $7.82. Q2 results showed total sales rising by 13% year-over-year, with a notable 10% increase in comparable-store sales driven primarily by customer traffic. Operating profits reached $1.1 billion, supported by IEEPA tariff refunds that contributed to an expanded operating margin of 610 basis points. Adjusted EPS for the quarter was $2.06, excluding a one-time $0.60 per share benefit from tariffs. The company also announced plans to open 115 new stores in FY26 as part of its expansion strategy. Analysts remain optimistic about Ross Stores' performance and potential market share gains due to strong cash flow generation and broad-based customer engagement across merchandise categories.
Tickers: $ROST
Topics: comparable sales growth earnings guidance upgrade store expansion