Ross Stores (ROST) Stock Jumps 8% After Q2 Sales Beat and Outlook Raise
TLDR
- Ross Stores Q2 sales rose 13% to $6.3 billion, with comparable-store sales up 10%
- EPS came in at $2.06, beating estimates of $1.93; net income jumped to $851.3 million
- A $253 million tariff refund under IEEPA boosted EPS by around 60 cents
- Full-year EPS forecast raised to $8.61-$8.77; store-opening plan increased to 115 locations
- ROST stock jumped over 8% in premarket trading; Jefferies raised its price target to $285
Ross Stores posted a strong second quarter, sending the stock up more than 8% in premarket trading on Friday. ROST was trading around $248 before the open, up from a close of $228.99.
Q2 revenue came in at $6.26 billion, up 13% year-over-year and ahead of the $6.15 billion consensus estimate. Comparable-store sales jumped 10%, driven mainly by higher customer traffic.
Earnings per share of $2.06 topped the Zacks consensus estimate of $1.93 and came in well above the $1.56 reported a year ago. That marks a 6.74% earnings surprise.
ROSS STORES $ROST Q2’26 EARNINGS HIGHLIGHTS
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