Earnings call transcript: Ross Stores tops Q2 2026 estimates, shares jump after hours
Ross Stores reported stronger-than-expected Q2 2026 results, with earnings and revenue surpassing Wall Street estimates, driven by a 10% increase in comparable store sales. The off-price retailer raised its full-year outlook and announced plans to open 115 new locations in 2026. Shares initially fell but rebounded significantly in after-hours trading, reflecting investor confidence in the company's growth strategy and market share gains.
Ross Stores: Fiscal Q2 Earnings Snapshot
Ross Stores Inc. (ROST) reported strong fiscal second-quarter results, with net income reaching $851.3 million and adjusted earnings of $2.06 per share, surpassing Wall Street's expectations of $1.93 per share. The discount retailer also exceeded revenue forecasts, posting $6.26 billion against an expected $6.15 billion. The company anticipates full-year earnings between $8.61 and $8.77 per share.
Store traffic lifts Ross Stores sales in second quarter
Ross Stores Inc. reported a 13% sales increase in its second quarter, primarily driven by increased store traffic and a 10% rise in comparable-store sales. The off-price retailer opened 47 new stores and raised its second-half and full fiscal 2026 outlook, expecting continued growth across both Ross Dress for Less and dd's Discounts banners. CEO Jim Conroy attributed the success to compelling merchandise, marketing, and an enhanced in-store experience, drawing both new and existing customers.
Ross Stores Boosts Outlook as Sales Climb
Ross Stores has raised its annual earnings outlook after reporting increased second-quarter sales driven by higher traffic. The off-price retailer now projects earnings per share between $8.61 and $8.77 for the year, an increase from its previous forecast. The company also provided optimistic guidance for the current and fourth quarters, surpassing Wall Street expectations for both earnings and same-store sales growth.
Earnings Flash (ROST) Ross Stores, Inc. Reports Q2 Revenue $6.26B, vs. FactSet Est of $6.16B
Ross Stores, Inc. (ROST) announced its Q2 revenue of $6.26 billion, surpassing FactSet's estimate of $6.16 billion. The company also raised its annual profit forecast again and provided Q3 EPS guidance of $1.75-$1.83, exceeding analyst expectations. This positive earnings report comes alongside other financial updates, including an increased fiscal 2026 EPS range and a quarterly cash dividend.
Ross Stores earned $2.66 a share, including a roughly 60-cent tariff refund
Ross Stores reported strong second-quarter 2026 results with sales up 13% to $6.26 billion and EPS of $2.66, which included a $0.60 benefit from tariff refunds. The company raised its full-year 2026 EPS guidance to $8.61–$8.77 and increased its store opening plan to 115 new locations. Despite a moderate negative market reaction to the news, Ross Stores highlighted its strong performance and momentum heading into the second half of the year.
Ross Stores Releases Q2 2026 Financial Results
Ross Stores, Inc. (ROST) announced its Q2 2026 financial results, reporting diluted EPS of $1.56 and revenue of $5.53 billion, marking a 21.0% year-over-year increase. Comparable store sales grew by 17.0%, and the company's management projects FY 2026 GAAP EPS between $7.50 and $7.74. The company operated 2,282 stores and achieved a net income of $508.0 million.
Ross Stores in the spotlight as earnings loom after historic surge
Ross Stores (ROST) is set to release its second-quarter earnings, with analysts anticipating EPS of $1.94 and revenue of $6.15 billion. The off-price retailer's stock has surged near its 52-week high due to consumer focus on value, and analysts remain largely bullish with a consensus price target implying 9.7% upside. Investors will be closely watching if the company can sustain its strong comparable sales growth, maintain profitability amidst expansion, and replicate its prior breakout quarter performance.
Ross Stores in the spotlight as earnings loom after historic surge
Ross Stores is set to announce its second-quarter results, with analysts expecting EPS of $1.94 on revenue of $6.15 billion, reflecting strong year-over-year growth. The off-price retailer's stock has performed well, nearing its 52-week high, as consumers prioritize value. Investors will closely watch comparable sales growth, margin performance, and the impact of the company's significant store expansion plans following a breakout first quarter.
Ross Stores, Inc. (NASDAQ:ROST) Announces $0.45 Quarterly Dividend
Ross Stores, Inc. (NASDAQ:ROST) has declared a quarterly dividend of $0.445 per share, payable on September 30th to shareholders of record by September 8th. This represents an annualized payout of $1.78 and a 0.8% yield. The company has a six-year streak of dividend increases and a low payout ratio, indicating strong dividend coverage by earnings.
Ross Stores: How Many Shares You Need For $500 A Month In Dividends - Ross Stores (NASDAQ:ROST)
Ross Stores (NASDAQ: ROST) is set to release its Q2 earnings report, with analysts expecting higher earnings per share and revenue compared to the previous year. Ahead of the report, an analyst maintained an Outperform rating and raised the price target. The article also details how many shares an investor would need to earn $500 or $100 per month in dividends, given Ross Stores' current annual dividend yield of 0.76% and quarterly dividend of 44.5 cents per share.
NWK Group Inc. Purchases New Position in Ross Stores, Inc. $ROST
NWK Group Inc. has acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST), purchasing 24,522 shares valued at approximately $5.22 million, making it their 23rd largest position. Institutional investors and hedge funds collectively own 86.86% of Ross Stores, which recently reported strong quarterly earnings with EPS of $2.02 and revenue of $6.01 billion, exceeding analyst expectations. Analysts generally maintain a "Moderate Buy" rating for Ross Stores, with a consensus price target of $244.76.
E Fund Management Co. Ltd. Makes New Investment in Ross Stores, Inc. $ROST
E Fund Management Co. Ltd. has acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST) by purchasing 12,450 shares valued at approximately $2.65 million during the second quarter. Institutional investors now own 86.86% of the company, and analysts have a "Moderate Buy" consensus with an average price target of $244.76. Ross Stores recently exceeded earnings expectations with an EPS of $2.02 and revenue of $6.01 billion, and declared a quarterly dividend of $0.445 per share.
Danske Bank A S Acquires New Position in Ross Stores, Inc. $ROST
Danske Bank A S has acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, purchasing 174,042 shares valued at approximately $37.05 million. This makes Danske Bank A S one of several institutional investors who have recently bought or sold shares of the apparel retailer. Ross Stores reported strong earnings, beating analyst estimates, and announced a quarterly dividend.
Ross Stores declares quarterly dividend of $0.445 per share By Investing.com
Ross Stores Inc. announced a regular quarterly cash dividend of $0.445 per common share, payable on September 30, 2026, to stockholders of record as of September 8, 2026. The company operates 1,952 Ross Dress for Less locations and 376 dd’s DISCOUNTS stores, reporting fiscal 2025 revenues of $22.8 billion.
Ross Stores declares quarterly dividend of $0.445 per share
Ross Stores Inc. announced a regular quarterly cash dividend of $0.445 per common share, payable on September 30, 2026, to stockholders of record as of September 8, 2026. The company operates 1,952 Ross Dress for Less stores and 376 dd’s DISCOUNTS stores, reporting fiscal 2025 revenues of $22.8 billion.
Ross Stores Announces Quarterly Dividend
Ross Stores, Inc. (Nasdaq: ROST) declared a regular quarterly cash dividend of $0.445 per common share. This dividend will be payable on September 30, 2026, to stockholders of record as of September 8, 2026. Ross Stores operates Ross Dress for Less and dd's DISCOUNTS, with fiscal 2025 revenues of $22.8 billion.
Ross Stores will pay stockholders $0.445 per share on Sept. 30
Ross Stores (Nasdaq: ROST) announced a regular quarterly cash dividend of $0.445 per common share. The dividend is payable on September 30, 2026, to shareholders of record as of September 8, 2026. The company reported fiscal 2025 revenue of $22.8 billion and operates 1,952 Ross Dress for Less locations and 376 dd's DISCOUNTS stores.
The TJX Companies (TJX) Has a Strong Earnings Story, but Consumer Weakness Is Becoming a Concern
The TJX Companies reported solid Q2 earnings, exceeding analyst expectations, but its Q3 outlook suggests consumer caution, particularly with a slowdown in its Marmaxx division. Despite this, TJX maintained its full-year comparable-sales growth target and raised its fiscal 2027 EPS forecast, leveraging its off-price model to attract value-seeking shoppers. The company faces headwinds from slower demand and competition, making the performance of its Marmaxx division in the coming quarters crucial for its long-term growth trajectory.
So-Young to report Q2 2026 earnings before US m...
So-Young International Inc., a leading aesthetic treatment platform in China, is scheduled to announce its financial results for the second quarter of 2026 on August 31, before the US market opens. The company will also host an earnings call on the same day to discuss its performance and future outlook. So-Young connects consumers with aesthetic services and is positioned for growth due to its strong brand and supply chain.
TJX to accelerate store openings as off-price continues its hot streak
TJX Companies plans to increase its store growth from 3% to 4% starting next year, aiming for a long-term global base of 7,500 stores, up from a previous goal of 7,000. This expansion comes as the off-price retailer reports strong second-quarter net sales of $15.2 billion and increased foot traffic, capitalizing on a price-sensitive market and department store closures. The company is confident that its value-focused proposition will continue to attract shoppers amidst inflation.
TJ Maxx, Marshalls ‘self-inflicted’ slowdown clouds TJX earnings beat
TJX Companies reported a slowdown in its TJ Maxx and Marshalls divisions in the second quarter, attributing the issues to "self-inflicted" poor store mix and product availability. Despite this, the company beat earnings estimates and raised its annual profit forecast, driven by strong growth in its home goods business. TJX faces increasing competition and consumer caution but plans to accelerate store openings and marketing efforts.
TJ Maxx, Marshalls ‘self-inflicted’ slowdown clouds TJX earnings beat
TJX Companies reported a slowdown in its TJ Maxx and Marshalls divisions during the second quarter, which overshadowed an overall earnings beat and strong growth in its home goods business. CEO Ernie Herrman attributed the slowdown to "self-inflicted" issues with store mix and product availability. Despite these challenges, the company raised its annual profit forecast and plans to accelerate store openings, expecting improving sales trends in the current quarter.
Meeder Advisory Services Inc. Makes New Investment in Ross Stores, Inc. $ROST
Meeder Advisory Services Inc. has acquired a new stake of 11,576 shares in Ross Stores, Inc., valued at approximately $2.464 million during the second quarter. This investment comes amidst other institutional investors modifying their holdings in the apparel retailer. Ross Stores recently reported strong quarterly earnings, surpassing analyst estimates, and has received a "Moderate Buy" consensus rating from analysts with an average target price of $244.76.
JLB & Associates Inc. Takes $25.79 Million Position in Ross Stores, Inc. $ROST
JLB & Associates Inc. has acquired a new position in Ross Stores, Inc. (NASDAQ:ROST), purchasing 121,145 shares valued at approximately $25.79 million. This investment represents 3.4% of JLB & Associates Inc.'s portfolio, making Ross Stores its 7th largest holding. Other institutional investors have also adjusted their positions in Ross Stores, which recently reported strong quarterly earnings, beating analyst estimates, and has received a "Moderate Buy" consensus rating from analysts with an average price target of $244.76.
Ontario Teachers Pension Plan Board Makes New $34.87 Million Investment in Ross Stores, Inc. $ROST
The Ontario Teachers Pension Plan Board has made a new investment of $34.87 million in Ross Stores, Inc. (NASDAQ:ROST) by acquiring 163,810 shares, representing approximately 0.05% of the company. Institutional investors now own 86.86% of Ross Stores, which recently reported strong quarterly earnings exceeding expectations with adjusted EPS of $2.02 and $6.01 billion in revenue, a 20.6% increase year-over-year. Analyst sentiment remains largely positive with a "Moderate Buy" consensus rating.
Ross Stores Inc (ROST) Technical Analysis: Support, Resistance, Indicators & Moving Averages
This article provides a technical analysis of Ross Stores Inc (ROST), detailing its current price momentum score, support and resistance levels, and indicator readings. It includes a breakdown of various technical indicators like MACD, RSI, and moving averages, offering "Sell," "Neutral," and "Buy" signals based on these analyses. The article concludes with FAQs about technical ratings and moving averages to help investors understand the data presented.
Diversify Advisory Services LLC Buys Shares of 14,447 Ross Stores, Inc. $ROST
Diversify Advisory Services LLC has acquired a new position in Ross Stores, Inc. (NASDAQ:ROST), purchasing 14,447 shares valued at approximately $3.52 million during the second quarter. This move is part of a broader trend of institutional investors modifying their holdings in Ross Stores, with several firms increasing their stakes. Wall Street analysts maintain a "Moderate Buy" rating for Ross Stores, with an average target price of $244.76, following recent earnings that surpassed expectations.
Resilient Ross Stores stock heads into earnings with rising price targets
Ross Stores (ROST) stock is heading into its August 20, 2026 earnings release at near-record highs, supported by strong analyst price targets and a steady dividend. The company's off-price retail model, particularly through its Ross Dress for Less chain, has driven significant share price appreciation and consistent revenue growth. While some analysts have cautious targets, the overall sentiment is positive, with rising earnings estimates for fiscal 2027 and the stock trading above key moving averages.
1,136,574 Shares in Ross Stores, Inc. $ROST Acquired by Deutsche Bank AG
Deutsche Bank AG has acquired 1,136,574 shares of Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, valued at approximately $241.92 million, representing about 0.35% of the company. Other institutional investors have also adjusted their holdings. The stock currently holds a "Moderate Buy" rating from analysts with an average price target of $244.76, following strong Q1 earnings that surpassed estimates.
What To Expect From Ross Stores’s (ROST) Q2 Earnings
Ross Stores (ROST) is set to report its Q2 earnings this Thursday afternoon. The company exceeded revenue expectations last quarter, and analysts anticipate an 11.3% year-on-year revenue growth for the upcoming report. Despite some past revenue misses, investors in the general merchandise retail segment have shown stability, with Ross Stores's stock up 1.6% over the last month.
Ross Stores, Inc. (ROST) Hit a 52 Week High, Can the Run Continue?
Ross Stores (ROST) recently reached a 52-week high, with shares up 4.1% over the past month and 30.3% year-to-date. The company consistently beats earnings estimates and has strong growth and momentum scores, earning it a Zacks Rank #2 (Buy). While its valuation metrics show a premium compared to peers, its strong performance and analyst outlook suggest potential for continued gains.
UBS maintains Ross Stores stock rating at neutral, $232 target
UBS has reiterated its neutral rating on Ross Stores (NASDAQ:ROST) and maintained its price target of $232.00, despite the stock trading above this target and InvestingPro analysis suggesting it is overvalued. The firm's assessment follows an expert call that highlighted potential drivers for Ross Stores' comparable sales growth, such as improved access to branded merchandise and enhanced in-store execution. The company is also expanding its retail footprint and will release its earnings report on August 20th.
UBS maintains Ross Stores stock rating at neutral, $232 target By Investing.com
UBS has reiterated its neutral rating on Ross Stores (NASDAQ: ROST) stock, maintaining a price target of $232.00. The firm's assessment follows a call with an industry expert that focused on drivers for comparable sales growth, such as improved access to branded merchandise and merchandising strategies. Despite the stock trading above its fair value, UBS sees potential for continued business improvements.
UBS maintains Ross Stores stock rating at neutral, $232 target
UBS has reiterated its neutral rating on Ross Stores (NASDAQ:ROST) with a $232 price target, despite the stock currently trading higher. The firm hosted an expert call discussing Ross Stores' potential for continued comparable sales growth through improved merchandise access, expanded assortments, and better in-store execution. Other recent news includes Ross Stores' upcoming earnings report, its retail footprint expansion with 47 new locations, and increased options trading activity.
Meeder Asset Management Inc. Purchases Shares of 48,779 Ross Stores, Inc. $ROST
Meeder Asset Management Inc. acquired 48,779 shares of Ross Stores (NASDAQ:ROST) during the second quarter, valued at approximately $10.38 million. Institutional investors collectively own 86.86% of the company, with other funds like BlackRock Inc. and State Street Corp also significantly increasing their holdings. Ross Stores recently reported strong quarterly earnings, beating analyst estimates, and announced a quarterly dividend of $0.445 per share, maintaining a "Moderate Buy" consensus rating from analysts.
UNIVEST FINANCIAL Corp Takes Position in Ross Stores, Inc. $ROST
UNIVEST FINANCIAL Corp has acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST), purchasing 6,942 shares valued at approximately $1.478 million. This move is part of broader institutional interest, with several other hedge funds also adjusting their positions in the apparel retailer. Analysts have issued a "Moderate Buy" rating for Ross Stores, with a consensus target price of $244.76, following recent price target adjustments and strong quarterly earnings that surpassed expectations.
Pallas Capital Advisors LLC Acquires Shares of 7,252 Ross Stores, Inc. $ROST
Pallas Capital Advisors LLC has acquired 7,252 shares of Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, valuing their new position at approximately $1,544,000. Other institutional investors have also adjusted their holdings in the apparel retailer, with many increasing their stakes. Analysts have issued a "Moderate Buy" rating for Ross Stores with an average price target of $244.76, following recent strong earnings performance and dividend announcements.
TimesSquare Capital Management LLC Buys Shares of 416,195 Ross Stores, Inc. $ROST
TimesSquare Capital Management LLC has acquired a new stake of 416,195 shares in Ross Stores, Inc. (NASDAQ:ROST), valued at approximately $88.587 million, making it their 18th largest holding. Other institutional investors also increased their positions in Ross Stores, with notable acquisitions by National Pension Service and Eurizon Capital SGR S.p.A. The article also provides a financial overview of Ross Stores, including its market capitalization, P/E ratio, recent earnings beat, and dividend announcement, along with updated analyst ratings.
Plato Investment Management Ltd Buys New Position in Ross Stores, Inc. $ROST
Plato Investment Management Ltd has acquired a new position in Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, purchasing 11,315 shares valued at approximately $2,394,000. Other institutional investors have also recently adjusted their holdings in the company. Ross Stores, an off-price apparel retailer, reported strong earnings in its last quarter, beating consensus estimates, and has an average "Moderate Buy" rating from analysts with a consensus target price of $244.76.
Citizens Financial Group Inc. RI Acquires Shares of 8,146 Ross Stores, Inc. $ROST
Citizens Financial Group Inc. RI recently acquired 8,146 shares of Ross Stores, Inc. (NASDAQ:ROST) valued at approximately $1.7 million during the second quarter. Institutional investors and hedge funds now collectively own 86.86% of Ross Stores, with analyst sentiment leaning towards a "Moderate Buy" rating. The company reported strong quarterly earnings of $2.02 per share, surpassing estimates, and saw revenue increase by 20.6% year-over-year.
BlackRock Inc. Takes $5.94 Billion Position in Ross Stores, Inc. $ROST
BlackRock Inc. has acquired a significant new stake in Ross Stores, Inc. (NASDAQ:ROST), purchasing 27.9 million shares valued at approximately $5.94 billion, which represents an 8.7% ownership in the company. Institutional investors now collectively own 86.86% of the retailer. Ross Stores reported strong quarterly results, beating analyst estimates for EPS and revenue, and analysts maintain a favorable outlook with a "Moderate Buy" rating and an average target price of $244.76.
Ross Stores Inc (ROST) Shares Fall 4.1% -- What GF Score of 90 Tells Investors
Ross Stores Inc (ROST) shares dropped 4.1%, closing at $235.28, which is 33.9% above its GF Value™ estimate, indicating it is significantly overvalued. Despite a strong GF Score™ of 90/100, insider selling of $18.2 million with no buying activity suggests caution among those closest to the company regarding its current valuation. The stock's P/E ratio of 32.9x is also substantially higher than its historical median, further supporting the overvaluation assessment.
Ross Stores Inc. stock underperforms Monday when compared to competitors
Shares of Ross Stores Inc. (ROST) fell by 4.11% on Monday, closing at $235.28, in a session where the broader market also saw declines. The S&P 500 Index and Dow Jones Industrial Average both dropped over 0.5%. Ross Stores' stock is now 8.45% below its 52-week high of $257.00, which was reached on August 3rd.
Resilient Ross Stores stock holds above $240 as institutions add and guidance points to solid 2026
Ross Stores (ISIN US7782961038) stock is trading in the mid-$240s, supported by fresh institutional buying and positive analyst sentiment, with a consensus "Moderate Buy" rating. The off-price retailer reported strong Q1 2026 earnings, beating estimates with $2.02 EPS and $6.01 billion in revenue, and management's fiscal 2026 EPS guidance is $7.50 to $7.74. Despite short-term options-related volatility, the stock remains well above its 52-week low, reflecting confidence in its growth trajectory and off-price model.
Ross Stores Slides 3.1% as Weak Retail Data and Pre-Earnings Positioning Weigh
Ross Stores (ROST) stock dropped 3.1% today, likely due to a broader retail-sector pullback following a weak July U.S. retail sales report and investors reducing exposure ahead of its upcoming quarterly earnings. Despite the dip, the company had previously reported strong first-quarter sales and earnings, raised its fiscal 2026 outlook, and is continuing its expansion plan with 110 new stores expected in 2026. Insider trading data shows significant sales by executives, while institutional investors have made both large additions and reductions to their holdings.
State Street's SPDW ETF earns buy rating with strong AI exposure, dividend yield, and growth potential.
State Street's S&P SPDR Portfolio Developed World ex-US ETF (SPDW) has received a reiterated buy rating due to strong performance and record highs. The ETF is noted for unique holdings like Samsung and SK Hynix, significant AI-related stock exposure, and an attractive valuation with a 13.85x P/E ratio and over 10% long-term earnings growth. It offers broad sector diversification, a 2.91% dividend yield, and a balance of value and growth, appealing to both growth and income investors.
Sprouts to anchor Grand Imperial Marketplace center and 5 more businesses announced
A new Sprouts Farmers Market will anchor the Grand Imperial Marketplace in Spring, Texas, a 170,000-square-foot retail development. Alongside Sprouts, Marshalls, Ross, Burlington, Five Below, and Planet Fitness are also confirmed. Construction for the Sprouts location is set to begin this fall, with completion aimed for fall 2027.
Wilkinson Global Asset Management LLC Acquires Shares of 4,174 Ross Stores, Inc. $ROST
Wilkinson Global Asset Management LLC recently acquired 4,174 shares of Ross Stores, Inc. (NASDAQ:ROST) valued at approximately $888,000 during the second quarter. This move is part of broader institutional interest, with 86.86% of the stock owned by hedge funds and institutional investors. Analysts maintain a "Moderate Buy" consensus for Ross Stores, which recently exceeded earnings expectations with $2.02 EPS and $6.01 billion in revenue, alongside offering a quarterly dividend.
8,793 Shares in Ross Stores, Inc. $ROST Purchased by Simplicity Wealth LLC
Simplicity Wealth LLC has acquired 8,793 shares of Ross Stores, Inc. (NASDAQ:ROST) valued at approximately $1.87 million, as institutional investors now collectively own 86.86% of the company. This comes as Ross Stores reported strong quarterly results, beating EPS and revenue estimates, and maintaining a "Moderate Buy" consensus rating from analysts with a target price of $240. The company also offers a quarterly dividend of $0.445 per share, representing a 0.7% yield.
