Overview
- Ross reported second-quarter revenue up about 13% to roughly $6.26 billion and comparable-store sales up about 10%, delivering adjusted earnings that topped analysts’ forecasts.
- The company disclosed a $253 million reimbursement of IEEPA tariffs that added about $0.60 per share and helped expand gross margins in the quarter.
- Management raised fiscal 2026 EPS guidance to a range of $8.61–$8.77, increased planned store openings to 115 for the year after opening 47 in Q2, and reaffirmed roughly $1.275 billion in planned share repurchases.
- Shares jumped about 8–9% in premarket and after-hours trading after the release while options markets had shown heavy put volume and elevated implied volatility before the report.
- The results reflect stronger customer traffic and Ross’s flexible buying model that captures excess branded inventory, a dynamic that may pressure competitors and that investors will watch for signs of sustainable margin and same-store sales trends.