Ross Stores Announces Quarterly Dividend
- On Thursday, Dublin-based Ross Stores raised its profit forecasts after reporting better-than-expected second-quarter results, with adjusted earnings of $2.06 per share beating analyst estimates.
- Ross continues to attract value-conscious shoppers as inflation remains elevated, with consumers trading down from specialty apparel chains to manage discretionary spending.
- Second-Quarter revenue rose about 13% to $6.26 billion, surpassing the $6.18 billion analyst estimate, while the retailer received about $253 million in tariff refunds.
- CEO Jim Conroy called the momentum "durable," raising annual earnings guidance to $8.61 to $8.77 per share from the prior $7.50 to $7.74 outlook.
- Rival TJX reported a slowdown at TJ Maxx and Marshalls on Wednesday, while Ross shares rose about 7% in extended trading following the strong results.
29 Articles
29 Articles
Ross is opening more stores: List of new locations grows in 2026 expansion
Shares of Ross Stores (Nasdaq: ROST) are up about 8% following a positive second quarter earnings report. The California-based retail department store chain saw its quarterly sales rise 13% year-over-year (YOY) to $6.26 billion. Its same-store sales were similarly up 10% YOY, something the company attributes to higher traffic. In the report, published Thursday, Ross said it was updating its store expansion plan to 115 new stores in 2026, up fro…
Ross Stores raises annual profit forecast again on discounted apparel demand
By Neil J Kanatt Aug 20 (Reuters) - Value retailer Ross Stores raised its profit forecasts on Thursday after reporting better-than-expected second-quarter results, signaling that demand for discounted apparel and accessories remains resilient in an un...
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