Ross Stores Blows Past Q2 Estimates, Raises FY26 Outlook on 10% Comp Growth
ROST sits 60% above its 52-week low of $143.39.
Summary
Ross Stores delivered a standout Q2: sales up 13% to $6.3B, comps up 10% on traffic, and EPS of $2.66 — far above the $1.85-$1.93 guidance. The beat includes a $0.60 per share benefit from $253M in IEEPA tariff refunds, but even excluding that, operating margin rose 205 bps versus a 130-150 bps plan. Management raised FY26 EPS guidance to $8.61-$8.77 and lifted store opening plans to 115 locations. The company now expects comparable store sales to increase 6% to 7% in Q3 and 4% to 5% in Q4, with Q3 EPS of $1.75-$1.83 and Q4 EPS of $2.17-$2.26. This follows a strong Q1 and confirms accelerating momentum; the stock is likely to re-rate on the magnitude of the beat and raised outlook.
At the time of this announcement, ROST was trading at $229.89 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $73.5B. The 52-week trading range was $143.39 to $257.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: PR Newswire.