Ross Stores Beats Q2 Estimates on Both Metrics, Raises 2026 Earnings Guidance

Ross Stores Inc reported second-quarter financial results after the bell Thursday. Here are the key points from the specialty retailer's earnings report.

Ross Stores shares are moving higher. Where is ROST stock headed?

Ross Stores Q2 Beats Expectations

Ross Stores beat expectations on both revenue and profit in the second quarter, reporting revenue of approximately $6.27 billion versus expectations of $6.18 billion, and earnings per share of $2.66 versus expectations of $1.94.

Total revenue grew 13% year-over-year in the quarter, with comparable store sales up 10%, driven primarily by increased traffic.

Ross Stores CEO Jim Conroy said: "Importantly, this growth was supported by both new customer acquisition and increased engagement from existing customers."

"Our results were driven by compelling merchandise offerings, attractive marketing initiatives, and continued improvements in the in-store experience. We are pleased to see strong performance throughout the quarter."

Ross Stores raised its full-year earnings per share guidance to a new range of $8.61 to $8.77, up from a range of $7.50 to $7.74, versus expectations of $7.79. The company guided third-quarter earnings per share of $1.75 to $1.83 and fourth-quarter earnings per share of $2.17 to $2.26. Both quarterly guidance ranges are above current analyst estimates.

Ross Stores said it repurchased 1.4 million shares in the second quarter for $319 million. The company remains on track to repurchase $1.275 billion of common stock in fiscal 2026.

ROST Stock Rises After Hours

ROST stock price action: Ross Stores shares were up 4.20% in after-hours trading, trading at $238.60 at the time of writing Thursday.