Form 10-Q · Quarterly report
Ross Stores 10-Q, filed Sep 1, 2026
- Filed
- CIK
- 0000745732
- Accession no.
- 0000745732-26-000041
Summary
Ross Stores reported second-quarter fiscal 2026 sales of $6,265 million, up 13% from $5,529 million a year earlier, with comparable store sales up 10% and net earnings of $851 million, or $2.66 per diluted share, including a $253 million benefit from refunds of IEEPA tariffs paid. The off-price retailer opened 47 stores in the quarter, ended with 2,328 locations across its Ross Dress for Less and dd's DISCOUNTS chains, and raised its store opening plan for the year to approximately 115 new stores.
Key points
- Second-quarter sales rose 13% to $6,265 million and comparable store sales rose 10%, driven by about 7% higher traffic and 3% higher basket.
- Operating income of $1,104 million included a benefit of roughly $253 million from refunds of IEEPA tariffs paid; net earnings were $851 million and diluted EPS $2.66, versus $508 million and $1.56 a year earlier.
- Ross opened 47 stores in the quarter (35 Ross, 12 dd's DISCOUNTS), ending with 2,328 locations, and raised its full-year opening plan to approximately 115 new stores (about 90 Ross, 25 dd's DISCOUNTS).
- Cost of goods sold as a percentage of sales fell about 625 basis points year over year, with 405 basis points of that from the IEEPA tariff recovery, while SG&A rose 15 basis points on higher incentive compensation.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Overview Ross Stores, Inc. operates two brands of off-price retail apparel and home fashion stores—Ross Dress for Less® (“Ross”) and dd’s DISCOUNTS®. Ross is the largest off-price apparel and home fashion chain in the United States, with 1,952 locations in 44 states, the District of Columbia, Guam, and Puerto Rico as of August 1, 2026. Ross offers first-quality, in-season, brand name and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. …
An excerpt of the text as filed with the SEC, cut for length.
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