Jul 2026 (Q2 FY27) — Aug 20, 2026
Ross Stores Q2 FY27 — Double-Digit Comp Growth and Raised Outlook
Read the full callRoss Stores (ROST) earnings
- Aug 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
Ross Stores earnings: last reported Thu, 20 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 6,265 | +13.3% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 17.6 | +6.1 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 851 | +67.6% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
41 of 42 judged targets kept · 36 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year capital expenditures guidance | approximately $855 million | Jan 2025 | we're still estimating about $1.1 billion in capital versus $819 million last year | Achieved |
| Full-year comparable store sales guidance | up 3% to 4% | Jan 2026 | comparable store sales growth for fiscal 2026 are forecasted to increase 6% to 7% on top of a 5% gain last year | Revised Up |
| Full-year capital expenditures guidance | approximately $1.1 billion | Jan 2026 | we're still estimating about $1.1 billion in capital versus $819 million last year | On Track |
1 of ROSS STORES, INC.'s 78 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 75 more targets are in the full ledger.
Claimed
- Comparable store sales grew 10% in Q2 FY27, marking the second consecutive quarter of double-digit comp growth.
- Gross margin improved by 625 basis points, driven primarily by 405 basis points from tariff refunds.
- Operating margin increased 610 basis points in Q2, or 205 basis points excluding tariff refunds.
- Full-year EPS guidance raised to $8.61 to $8.77, up from $6.61 last year.
- Store opening plans for 2026 increased to 115 locations, up from 110 previously.
Qualified
- SG&A deleveraged by 15 basis points in Q2 due to higher incentives given earnings outperformance.
- Freight costs increased by 10 basis points in Q2 due to higher fuel prices, with continued deleverage expected in the back half.
- Facing significantly more challenging year-over-year comparisons in the back half of the year.
Price
$238.66 +0.75% · +$1.77
Performance +52.7% 1Y
1Y: $156.31 on 17 Oct 2025 → $238.66. High $255.23 (7 Aug 2026), low $156.05 (22 Oct 2025).
- Previous close
- $236.89
- 52-week range
- $156.05 – $255.23
- One year
- +51.58%
Overview
- Symbol
- ROST
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
41 of 42 judged targets kept · 36 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year capital expenditures guidance | approximately $855 million | Jan 2025 | we're still estimating about $1.1 billion in capital versus $819 million last year | Achieved |
| Full-year comparable store sales guidance | up 3% to 4% | Jan 2026 | comparable store sales growth for fiscal 2026 are forecasted to increase 6% to 7% on top of a 5% gain last year | Revised Up |
| Full-year capital expenditures guidance | approximately $1.1 billion | Jan 2026 | we're still estimating about $1.1 billion in capital versus $819 million last year | On Track |
Claimed
- Comparable store sales grew 10% in Q2 FY27, marking the second consecutive quarter of double-digit comp growth.
- Gross margin improved by 625 basis points, driven primarily by 405 basis points from tariff refunds.
- Operating margin increased 610 basis points in Q2, or 205 basis points excluding tariff refunds.
- Full-year EPS guidance raised to $8.61 to $8.77, up from $6.61 last year.
- Store opening plans for 2026 increased to 115 locations, up from 110 previously.
Qualified
- SG&A deleveraged by 15 basis points in Q2 due to higher incentives given earnings outperformance.
- Freight costs increased by 10 basis points in Q2 due to higher fuel prices, with continued deleverage expected in the back half.
- Facing significantly more challenging year-over-year comparisons in the back half of the year.
The full ledger
Open ROSS STORES, INC.’s full ledger
A free account opens 5 company ledgers a month. All 78 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q1 FY27) — May 21, 2026
Ross Stores Q1 FY27 — Unprecedented Comp Sales Growth Driven by Strong Customer Acquisition
Read the full callJan 2026 (Q4 FY26) — Mar 3, 2026
Ross Stores Q4 FY26 — Strong Sales and Earnings Beat Expectations, Accelerating Store Growth
Read the full callEvery analysed call
Ross Stores earnings calls (ROST)
Financials
What the filings say
Net profit, year on year: +68% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Jan 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 5,071 | 5,912 | 4,985 | 5,529 | 5,601 | 6,635 | 6,010 | 6,265 |
| Expenses | 4,425 | — | — | — | — | — | — | — |
| Operating profit | 604 | 731 | 606 | 638 | 648 | 814 | 804 | 1,104 |
| Operating margin | 11.9% | 12.4% | 12.2% | 11.5% | 11.6% | 12.3% | 13.4% | 17.6% |
| Profit before tax | 647 | 771 | 641 | 671 | 682 | 848 | 837 | 1,135 |
| Tax rate | 24.4% | 23.9% | 25.2% | 24.3% | 25.0% | 23.9% | 22.4% | 25.0% |
| Net profit | 489 | 587 | 479 | 508 | 512 | 646 | 650 | 851 |
| EPS ($ per share) | 1.49 | — | 1.48 | 1.57 | 1.59 | — | 2.04 | 2.68 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 |
| Reserves | 2,299 | 2,331 | 2,186 | 2,875 | 3,050 | 3,549 | 4,128 | 4,726 |
| Total liabilities | 2,768 | 5,989 | 9,427 | 9,580 | 9,128 | 9,429 | 9,396 | 9,361 |
| Fixed assets | 2,475 | 2,653 | 2,710 | 2,899 | 3,182 | 3,532 | 3,792 | 4,089 |
| Investments | 0 | — | — | — | — | — | — | — |
| Total assets | 6,074 | 9,348 | 12,718 | 13,640 | 13,416 | 14,300 | 14,905 | 15,549 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,067 | 2,172 | 2,246 | 1,739 | 1,689 | 2,514 | 2,357 | 3,027 |
| Cash from investing | -410 | -555 | -405 | -558 | -654 | -763 | -637 | -819 |
| Cash from financing | -1,531 | -1,683 | 1,702 | -1,152 | -1,405 | -1,428 | -1,859 | -2,342 |
| Net cash flow | 125 | -67 | 3,542 | 29 | -370 | 323 | -139 | -134 |
| Capital expenditure | -414 | -555 | -405 | -558 | -654 | -763 | -720 | -819 |
| Free cash flow | 1,653 | 1,616 | 1,841 | 1,181 | 1,035 | 1,752 | 1,637 | 2,208 |
ROST revenue by segment
| Segment | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| Reportable | 100% | 100% | 100% | 100% | 100% | 100% | +13.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
ROST operating KPIs by quarter
| KPI | Jan 2025 Q4 FY25 | Apr 2025 Q1 FY26 | Jul 2025 Q2 FY26 | Oct 2025 Q3 FY26 | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Stores | 2,186Inclusive of 12 closures, we ended the year with 2,186 stores including 1,831 Ross Dress for Less and 355 dd's DISCOUNTS locations.Source: earnings call transcript | — | — | — | 2,267Inclusive of 9 closures, we ended the year with 2,267 stores, consisting of 1,904 Ross Dress for Less and 363 dd's DISCOUNTS locations.Source: earnings call transcript | — | — |
| Stores Ross Dress for Less | 1,831Inclusive of 12 closures, we ended the year with 2,186 stores including 1,831 Ross Dress for Less and 355 dd's DISCOUNTS locations.Source: earnings call transcript | — | — | — | 1,904Inclusive of 9 closures, we ended the year with 2,267 stores, consisting of 1,904 Ross Dress for Less and 363 dd's DISCOUNTS locations.Source: earnings call transcript | — | — |
| Stores dd's DISCOUNTS | 355Inclusive of 12 closures, we ended the year with 2,186 stores including 1,831 Ross Dress for Less and 355 dd's DISCOUNTS locations.Source: earnings call transcript | — | — | — | 363Inclusive of 9 closures, we ended the year with 2,267 stores, consisting of 1,904 Ross Dress for Less and 363 dd's DISCOUNTS locations.Source: earnings call transcript | — | — |
| New stores opened Ross Dress for Less | — | 16We opened 16 new Ross and 3 dd's DISCOUNT locations in the first quarter.Source: earnings call transcript | 28In Q2, we opened 28 new Ross and 3 dd's DISCOUNTS locations.Source: earnings call transcript | 36During the third quarter, we opened 36 new Ross and 4 dd's DISCOUNTS stores.Source: earnings call transcript | — | 13We expanded into new and existing markets and opened 13 new Ross and 4 dd's DISCOUNTS locations in the first quarter.Source: earnings call transcript | — |
| New stores opened dd's DISCOUNTS | — | 3We opened 16 new Ross and 3 dd's DISCOUNT locations in the first quarter.Source: earnings call transcript | 3In Q2, we opened 28 new Ross and 3 dd's DISCOUNTS locations.Source: earnings call transcript | 4During the third quarter, we opened 36 new Ross and 4 dd's DISCOUNTS stores.Source: earnings call transcript | — | 4We expanded into new and existing markets and opened 13 new Ross and 4 dd's DISCOUNTS locations in the first quarter.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
50 filings between Mar 10, 2026 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$23.02M
10 sales by 7 insiders
20% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 24
- Award — granted as compensation
- 10
- Tax withheld — shares kept back by the company to cover tax
Also filed: 6 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Conroy James Grant | — | $11.29M | Sep 14, 2026 |
| Hartshorn Michael J. | — | $4.70M | Mar 25, 2026 |
| Brinkley Stephen C | — | $2.36M | Sep 14, 2026 |
| Sykes Karen | — | $1.72M | Mar 25, 2026 |
| Fleming Karen | — | $1.49M | Mar 24, 2026 |
| Sheehan William W II | — | $1.06M | Mar 26, 2026 |
| Mueller Patricia H | — | $400.9K | Mar 10, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Bransten Shelley Director | Award | 1,111 | $0 |
| Oct 1, 2026 | Johnson Christian B Director | Award | 1,111 | $0 |
| Sep 14, 2026 | Brinkley Stephen C PRESIDENT, OPERATIONS | Sale | 6,424 | $1.48M |
| Sep 14, 2026 | Conroy James Grant CHIEF EXECUTIVE OFFICER | Sale | 49,205 | $11.29M |
| Sep 11, 2026 | Fleming Karen PRES, CMO ROSS DRESS FOR LESS | Tax withheld | 907 | $209.3K |
| Sep 11, 2026 | Brinkley Stephen C PRESIDENT, OPERATIONS | Tax withheld | 6,654 | $1.54M |
| Sep 11, 2026 | Conroy James Grant CHIEF EXECUTIVE OFFICER | Tax withheld | 41,372 | $9.55M |
| May 29, 2026 | Mueller Patricia H Director | Gift | 1,354 | $0 |
| May 29, 2026 | GARRETT SHARON D Director | Gift | 1,354 | $0 |
| May 29, 2026 | GARRETT SHARON D Director | Gift | 1,354 | $0 |
| May 29, 2026 | Mueller Patricia H Director | Gift | 1,354 | $0 |
| May 21, 2026 | BJORKLUND GUNNAR K Director | Award | 643 | $0 |
| May 21, 2026 | Cannizzaro Edward G Director | Award | 896 | $0 |
| May 21, 2026 | GARRETT SHARON D Director | Award | 896 | $0 |
| May 21, 2026 | BJORKLUND GUNNAR K Director | Award | 896 | $0 |
| May 21, 2026 | Sutton Doniel Director | Award | 896 | $0 |
| May 21, 2026 | Mueller Patricia H Director | Award | 896 | $0 |
| May 21, 2026 | MILLIGAN STEPHEN D Director | Award | 896 | $0 |
| May 21, 2026 | BUSH MICHAEL J Director | Award | 896 | $0 |
| Mar 27, 2026 | Burrill Jeffrey P Group SVP, CAO & CORP CONTROLL | Gift | 565 | $0 |
| Mar 26, 2026 | Sheehan William W II EVP, CHIEF FINANCIAL OFFICER | Sale | 4,883 | $1.06M |
| Mar 25, 2026 | Sykes Karen PRESIDENT, CMO DD'S DISCOUNTS | Sale | 5,506 | $1.17M |
| Mar 25, 2026 | Hartshorn Michael J. GROUP PRESIDENT, COO | Sale 10b5-1 plan | 15,813 | $3.40M |
| Mar 24, 2026 | Hartshorn Michael J. GROUP PRESIDENT, COO | Sale 10b5-1 plan | 6,061 | $1.30M |
| Mar 24, 2026 | Brinkley Stephen C PRESIDENT, OPERATIONS | Sale | 4,154 | $884.4K |
| Mar 24, 2026 | Fleming Karen PRES, CMO ROSS DRESS FOR LESS | Sale | 7,000 | $1.49M |
| Mar 20, 2026 | Sykes Karen PRESIDENT, CMO DD'S DISCOUNTS | Award | 8,579 | $0 |
| Mar 20, 2026 | Fleming Karen PRES, CMO ROSS DRESS FOR LESS | Tax withheld | 9,931 | $2.10M |
| Mar 20, 2026 | Fleming Karen PRES, CMO ROSS DRESS FOR LESS | Award | 12,868 | $0 |
| Mar 20, 2026 | Sykes Karen PRESIDENT, CMO DD'S DISCOUNTS | Tax withheld | 8,947 | $1.89M |
| Mar 20, 2026 | Brinkley Stephen C PRESIDENT, OPERATIONS | Tax withheld | 2,802 | $591.8K |
| Mar 20, 2026 | Brinkley Stephen C PRESIDENT, OPERATIONS | Award | 8,579 | $0 |
| Mar 20, 2026 | Burrill Jeffrey P Group SVP, CAO & CORP CONTROLL | Award | 1,716 | $0 |
| Mar 20, 2026 | Burrill Jeffrey P Group SVP, CAO & CORP CONTROLL | Tax withheld | 2,970 | $627.2K |
| Mar 20, 2026 | Conroy James Grant CHIEF EXECUTIVE OFFICER | Tax withheld | 8,268 | $1.75M |
| Mar 20, 2026 | Conroy James Grant CHIEF EXECUTIVE OFFICER | Award | 54,901 | $0 |
| Mar 20, 2026 | Hartshorn Michael J. GROUP PRESIDENT, COO | Award | 23,163 | $0 |
| Mar 20, 2026 | Sheehan William W II EVP, CHIEF FINANCIAL OFFICER | Tax withheld | 4,617 | $975.1K |
| Mar 20, 2026 | Sheehan William W II EVP, CHIEF FINANCIAL OFFICER | Award | 2,574 | $0 |
| Mar 20, 2026 | Hartshorn Michael J. GROUP PRESIDENT, COO | Tax withheld | 22,654 | $4.78M |
| Mar 16, 2026 | Fleming Karen PRES, CMO ROSS DRESS FOR LESS | Award | 7,047 | $0 |
| Mar 11, 2026 | Sheehan William W II EVP, CHIEF FINANCIAL OFFICER | Award | 5,638 | $0 |
| Mar 11, 2026 | Brinkley Stephen C PRESIDENT, OPERATIONS | Award | 6,108 | $0 |
| Mar 11, 2026 | Burrill Jeffrey P Group SVP, CAO & CORP CONTROLL | Award | 1,880 | $0 |
| Mar 11, 2026 | Sykes Karen PRESIDENT, CMO DD'S DISCOUNTS | Award | 6,577 | $0 |
| Mar 11, 2026 | Conroy James Grant CHIEF EXECUTIVE OFFICER | Award | 21,140 | $0 |
| Mar 11, 2026 | Hartshorn Michael J. GROUP PRESIDENT, COO | Award | 8,456 | $0 |
| Mar 10, 2026 | Mueller Patricia H Director | Sale | 1,881 | $400.9K |
| Mar 10, 2026 | BUSH MICHAEL J Director | Gift | 1,000 | $0 |
| Mar 10, 2026 | Sykes Karen PRESIDENT, CMO DD'S DISCOUNTS | Sale | 2,556 | $546.8K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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