Ross Stores Q2 2027: A 37% EPS Beat Backed by Real Demand
As seen on the 24/7 Wall St. homepage on August 20, 2026.
Strip out the roughly $253 million in IEEPA tariff refunds ($0.60 per share) and Ross still beat, with comparable store sales up 10% on customer traffic. Management raised full-year EPS guidance to $8.61 to $8.77 and lifted its 2026 store opening plan to 115 locations.
Continue ReadingShow less
Ross Stores posted fiscal second-quarter earnings per share of $2.66 against a $1.94 consensus, a 37% beat and its widest margin of outperformance in at least two years. Revenue reached $6.26 billion, beating expectations on a 10% comparable-store sales gain led by stronger customer traffic.
The headline number includes roughly $0.60 per share in IEEPA tariff refunds recognized during the quarter, yet the underlying business still beat expectations. CEO Jim Conroy credited merchandise offerings, marketing, and in-store experience improvements, with growth from both new customers and higher engagement from existing ones.
Disclosure
1 INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA( www.finra.org )/SIPC( www.sipc.org ).2The probability of a member receiving $1,000 is 0.028%. If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Members must fund their account with a minimum of $50.00 to qualify. The probability percentage is subject to decrease. Members are only eligible for the Stock Award promotion upon opening their first brokerage account; subsequent cash brokerage accounts are ineligible for the promo, including for members with multiple accounts. 3Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. 4There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.
SoFi Active Invest is offering a limited-time promotion. Open an account, fund it with $50 or more, and you could receive up to $1,000 in complimentary stock for Active Invest accounts. See for yourself by clicking here now. (Sponsor)
Management raised full-year fiscal 2026 EPS guidance to a range of $8.61 to $8.77, which already incorporates the tariff benefit. Comparable-store sales are guided higher for the back half even against tougher year-over-year comparisons, and store opening plans were lifted to 115 new locations for fiscal 2026.
The quarter extended Ross's streak to five consecutive periods of topping Wall Street estimates, rebuilding investor confidence in the off-price model. The company also repurchased 1.4 million shares for $319 million during Q2, signaling that management sees opportunity in the current valuation.
Mentioned: ROST