Ross Stores, Inc. (ROST) Earnings Call Transcripts

Ross Stores, Inc.'s Latest Earnings Call - Q2 FY2027

In the second quarter of fiscal year 2026, Ross Stores, Inc. reported robust financial results, with total sales increasing 13% to $6.3 billion and comparable store sales growing 10%. Earnings per share (EPS) reached $2.66, significantly up from $1.56 in the prior year, driven by strong customer traffic and effective marketing strategies. Management raised guidance for the third quarter, projecting comparable store sales growth of 6% to 7% and EPS in the range of $1.75 to $1.83, reflecting confidence in sustained momentum despite tougher year-over-year comparisons.

Reported metrics

Guidance from management

Management raised its third-quarter guidance, projecting comparable store sales growth of 6% to 7% and EPS between $1.75 and $1.83. Full-year EPS is now forecasted to be in the range of $8.61 to $8.77, up from $6.61 last year.

What management said

Thank you, Bill. We delivered robust first half results and remain encouraged by the positive trends we are seeing across the business. While we are pleased with the progress we have made over the last several quarters, we remain focused on building on that momentum. The work underway across the organization is centered on continuing to strengthen our brand relevance, delivering world-class merchandise assortments an...

I didn't quite follow the second part of your question. The first part is, are we getting more vendors and even higher end or better quality product. What was the second part of your question?

What analysts pressed on

Analysts expressed concerns about the sustainability of customer traffic and whether the recent growth could be maintained in the face of tougher year-over-year comparisons. There were also questions regarding inventory levels and potential risks if consumer spending softens.

Main topics on the call

• Strong Comparable Store Sales Growth — Ross Stores achieved a 10% increase in comparable store sales for the second quarter, marking the second consecutive quarter of double-digit growth. CEO Jim Conroy noted, "Customer traffic once again served as a primary ...
• Inventory Management — Consolidated inventories increased by 18%, with packaway representing 36% of total inventory. Management expressed confidence in their inventory strategy, stating, "We are pleased with both the level and composition of o...
• Increased Store Openings — The company plans to open 115 new locations in 2026, up from a previous estimate of 110. This increase reflects management's confidence in the strength of recent openings and ongoing market opportunities.
• Tariff Refund Impact — The second quarter results included approximately $253 million in tariff refunds, contributing about $0.60 to EPS. CFO Bill Sheehan highlighted that gross margin improved by 625 basis points, largely due to these refunds...

Read the full Ross Stores, Inc. transcript (Q2 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Ross Stores, Inc. earnings call transcripts on record, spanning March 3, 2020 to August 20, 2026. Based on this history, Ross Stores, Inc. reports quarterly. The most recent call on file is dated August 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ROST

Exchange

NasdaqGS

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

27

First call

March 3, 2020

Most recent

August 20, 2026

Reporting cadence

quarterly