earnings
confidence high
sentiment positive
materiality 0.85
Ross Stores Q2 EPS $2.66 beats guidance; raises FY2026 outlook to $8.61-$8.77
ROSS STORES, INC.
- Q2 sales $6.3B (+13% YoY); comp sales +10% on traffic; EPS $2.66 vs $1.56 last year.
- Q2 operating margin +610 bps; includes $253M IEEPA tariff refunds ($0.60/share).
- Raised FY2026 EPS guidance to $8.61-$8.77; Q3 comps +6-7%, Q4 +4-5% expected.
- Opened 47 stores in Q2; increased 2026 store opening plan to 115 locations.
- Repurchased 1.4M shares for $319M in Q2; on track for $1.275B buybacks in FY2026.