The off-price retailer now projects earnings per share for fiscal 2026 in the range of $8.61 to $8.77, factoring in a $0.60 per share benefit from approximately $253m in IEEPA tariff refunds received during the quarter.
For the period ended 3 August 2026, Ross Stores posted a 13% jump in total sales to $6.3bn, with comparable store sales up 10%, primarily driven by customer traffic.
Net income climbed to $851m from $508m last year, while earnings per share reached $2.66, surpassing previous guidance of $1.85 to $1.93.
Q2 operating profits totalled $1.1bn, including the impact of the tariff refunds, which contributed approximately 405 basis points to the quarter's 610 basis point operating margin increase.
Excluding this one-off benefit, operating margin rose by 205 basis points, outpacing the company's target.
#approximately
For the period ended 3 August 2026, Ross Stores posted a 13% jump in total sales to $6.3bn, with comparable store sales up 10%, primarily driven by customer traffic.
Net income climbed to $851m from $508m last year, while earnings per share reached $2.66, surpassing previous guidance of $1.85 to $1.93.
Q2 operating profits totalled $1.1bn, including the impact of the tariff refunds, which contributed approximately 405 basis points to the quarter's 610 basis point operating margin increase.
Excluding this one-off benefit, operating margin rose by 205 basis points, outpacing the company's target.
#approximately
9 days ago
