Ross Stores 10-Q Details $253M Tariff Recovery and New $2.55B Buyback
ROST sits 60% above its 52-week low of $143.39.
Summary
Ross Stores' 10-Q confirms Q2 EPS of $2.66 and adds new details: a $253 million tariff recovery benefit, a new $2.55 billion buyback program, and a 15.8 million share equity plan.
Key Events · Earnings and Guidance · ROST
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Q2 Results Confirmed with Tariff Recovery Detail
Sales rose 13% to $6.26 billion with 10% comp growth; EPS of $2.66 included a $253 million benefit from IEEPA tariff refunds recognized in cost of goods sold.
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New $2.55B Buyback Program
Board authorized a two-year repurchase program in March 2026; $637.5 million was deployed in the first half, leaving $1.9 billion available through January 2028.
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2026 Equity Incentive Plan Adds 9M Shares
Stockholders approved a new plan with an initial reserve of 15.8 million shares, an increase of 9.0 million shares over the prior plan's remaining availability.
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Store Expansion Accelerating
Company increased its fiscal 2026 store opening plan to approximately 115 new stores (about 90 Ross and 25 dd's DISCOUNTS), up from prior guidance.
Analysis · ROST · Trade & Services
The 10-Q confirms the blowout Q2 already reported on August 20, but adds material new details. The $253 million IEEPA tariff recovery explains a large portion of the operating margin expansion — without it, operating income growth would have been far less dramatic. The new $2.55 billion repurchase program, with $637.5 million already deployed, shows management is aggressively returning capital. The 2026 Equity Incentive Plan adds 9 million shares of potential dilution, though this is modest relative to the 319.7 million shares outstanding.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ROST was trading at $229.24 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 filing was assessed with positive market sentiment and an importance score of 7 out of 10.