Ross Stores Q2 FY2026: sales up 13%, EPS $2.66 on tariff refunds
Ross Stores posted a blowout quarter: sales rose 13% to $6.26 billion, EPS reached $2.66 versus $1.56, and management raised full-year EPS guidance to $8.61–$8.77. About $0.60 of the quarter's EPS came from one-time IEEPA tariff refunds. Read it in two layers — a genuinely strong core business plus a cash boost that will not repeat. View: Bullish.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $2.66 compares with $1.56 a year ago, but roughly $0.60 of it came from IEEPA tariff refunds. Strip that out and EPS was closer to $2.06, still a large step up. Operating margin rose 610 basis points, of which 405 came from the refunds, leaving 205 basis points of real improvement.
Revenue of $6.26 billion rose 13.0% from $5.53 billion a year earlier, and comparable store sales climbed 10% on top of a 2% gain last year. Growth came mainly from customer traffic rather than price. The company opened 47 new stores in the quarter and now plans 115 openings for 2026.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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