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Ross Stores raises annual profit forecast again on discounted apparel demand
Ross Stores raised its annual profit outlook for a second time this year, signaling that the discount retailer’s momentum is holding up
Ross Stores raises annual profit forecast again on discounted apparel demand
ROSS STORES SEES Q3 COMPARABLE STORE SALES GROWTH OF +6% TO +7% AND Q4 COMPARABLE STORE SALES GROWTH OF +4% TO +5%, AND IS ON TRACK TO REPURCHASE $1.275 BLN OF COMMON STOCK DURING FY2026.
ROSS STORES POSTED Q2 SALES OF $6.26 BLN, ABOVE THE $6.18 BLN ESTIMATE, WITH EBIT OF $1.10 BLN, PRETAX PROFIT OF $1.13 BLN, NET INCOME OF $851.3 MLN AND EPS OF $2.66 VERSUS $1.56 A YEAR EARLIER.
ROSS STORES $ROST Q2’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $6.3B (Est. $6.15B) 🟢; +13% YoY
🔹 EPS: $2.66; includes $0.60 benefit from IEEPA tariff refunds
🔹 Comparable Store Sales: +10% YoY
🔹 Net Income: $851M; +68% YoY
Raises FY26 Guide:
🔹 EPS: $8.61-$8.77 (Est. $7.78) 🟢
🔹 New Store Opening Plan: 115 locations
Q3 Guide:
🔹 EPS: $1.75-$1.83 (Est. $1.73) 🟢
🔹 Comparable Store Sales: +6%-+7%
Q4 Guide:
🔹 EPS: $2.17-$2.26
🔹 Comparable Store Sales: +4%-+5%
Other Q2 Metrics:
🔹 Comparable Store Sales: +10% YoY
🔹 Operating Margin Expansion: +610 bps
🔹 New Stores Opened: 47
Capital Return:
🔹 Buybacks: $319M; 1.4M shares
Comments:
🔸 “Despite facing significantly more challenging year-over-year comparisons in the back half, we are raising our outlook for both the third and fourth quarters.”
🔸 “Based on our strong first half results and our updated second half guidance, we are increasing our 2026 fiscal year earnings per share projections to be in the range of $8.61 to $8.77”
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"Rossellini demands imaginative labor; Mizoguchi enforces empathetic endurance. Either way, viewers become custodians of sorrow."
Zoë Mohaupt rites on the shattering formal precision of Roberto Rossellini’s PAISAN and Kenji Mizoguchi’s SANSHO THE BAILIFF:
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Rossella Ugues’ parents are among a number of families in Italy that have brought a lawsuit against Instagram-and-Facebook-owner Meta, and its biggest social media rival TikTok. In the first collective action in Italy to directly challenge social media companies and their algorithms, the families are seeking tighter limits on minors' access and greater awareness of risks
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Ross Stores and TJX Companies among stocks with earnings momentum reporting this week
Ross Falzone died because the system is designed to let the Rhamell Burkes of the world walk free
