ROST Q2 2026 Earnings
Reported Aug 21, 2025 at 4:03 PM ET · SEC Source
Q2 26 EPS
$1.56
BEAT +1.41%
Est. $1.54
Q2 26 Revenue
$5.53B
MISS 0.23%
Est. $5.54B
vs S&P Since Q2 26
+43.1%
BEATING MARKET
ROST +54.8% vs S&P +11.7%
Market Reaction
Did ROST Beat Earnings? Q2 2026 Results
Ross Stores delivered a modest earnings beat in the second quarter of fiscal 2025, posting diluted EPS of $1.56 against a consensus estimate of $1.54, a 1.41% beat, even as revenue of $5.53 billion came in fractionally below the $5.54 billion Wall St… Read more Ross Stores delivered a modest earnings beat in the second quarter of fiscal 2025, posting diluted EPS of $1.56 against a consensus estimate of $1.54, a 1.41% beat, even as revenue of $5.53 billion came in fractionally below the $5.54 billion Wall Street had expected, representing 4.6% growth year over year. The key driver behind the earnings outperformance was lower-than-anticipated tariff-related costs, which still weighed on results, dragging operating margin down 95 basis points to 11.5% and contributing to net income slipping to $508 million from $527.15 million a year earlier. CEO Jim Conroy pointed to a sharp rebound in July sales as an encouraging sign heading into back-to-school season, with consumers increasingly drawn to value-oriented retail as broader pricing pressures build, a dynamic that could make off-price retailers more appealing in a uncertain macro environment. Looking ahead, management guided full-year fiscal 2025 EPS to $6.08–$6.21, reflecting an estimated $0.22–$0.25 per share tariff headwind, with comparable store sales growth of 2%–3% expected in both Q3 and Q4.
Key Takeaways
- • Comparable store sales up 2% year over year in Q2
- • Total sales grew 5% to $5.5 billion driven by new store openings and comp sales growth
- • Strong May sales with softening in June and sharp rebound in July
- • Lower-than-expected tariff-related costs helped earnings modestly exceed guidance
- • Operating margin declined 95 basis points to 11.5% primarily from tariff-related costs
ROST YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“We are encouraged by the sequential improvement in sales trends relative to the first quarter. During the second quarter, sales in May were strong and softened in June, before rebounding sharply in July. We were pleased to see the improved trend at the end of the quarter, particularly with the early sales performance related to the back-to-school selling season. We ended the period with second quarter sales in line with our expectations, while earnings modestly exceeded the high end of our guidance range, mainly due to lower-than-expected tariff-related costs. Operating margin for the quarter decreased 95 basis points to 11.5% compared to the prior year, primarily reflecting tariff-related costs.”
— Jim Conroy, Q2 2026 Earnings Press Release
ROST Earnings Trends
ROST vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ROST EPS Trend
Earnings per share: estimate vs actual
ROST Revenue Trend
Quarterly revenue: estimate vs actual
ROST Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $1.85 | $2.00 | +8.11% | $6.64B | — |
| FY Full Year | $6.51 | $6.61 | +1.52% | $22.75B | +0.88% |
| Q3 26 BEAT | $1.42 | $1.58 | +10.90% | $5.60B | +3.53% |
| Q2 26 BEAT | $1.54 | $1.56 | +1.41% | $5.53B | -0.23% |
| Q1 26 BEAT | $1.43 | $1.47 | +2.46% | $4.98B | +0.58% |