Ross Stores Posts Double Beat in Q2, Raises 2026 Earnings Guidance

Ross Stores (NASDAQ:ROST) reported second-quarter financial results after the market close on Thursday.

Ross Stores beat estimates on the top and bottom lines in the second quarter, reporting revenue of approximately $6.27 billion versus estimates of $6.18 billion and earnings per share of $2.66 versus estimates of $1.94, according to Benzinga Pro.

Total revenue increased 13% year-over-year in the quarter as comparable store sales climbed 10%, primarily driven by customer traffic.

“Importantly, that growth was supported by both an increase in new customers and higher engagement from existing customers,” said Jim Conroy, CEO of Ross Stores.