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…
Ross Stores, the California-based retail department store chain, has announced plans to open 115 new stores in 2026, a slight increase from the previously stated 110. The company's same-store sales grew by 10% year-over-year in the second quarter, driven by higher foot traffic. This boost in sales contributed to an 8% increase in Ross's shares following its positive earnings report.
The company also raised its earnings per share forecast to between $8.61 and $8.77, up from the previous range of $7.50 to $7.74. A significant factor in this growth is the $253 million in tariff refunds received by Ross, a result of the Supreme Court's ruling on President Trump's "Liberation Day" tariffs as illegal. This refund has boosted the company's operating profits by $1.1 billion in the latest quarter alone.
Ross CEO Jim Conroy expressed satisfaction with the company's decision to absorb the tariff cost instead of passing it on to customers, contrasting this approach with that of other retailers who reversed course. Despite this success, the company expects to implement modest price increases throughout the rest of the year to maintain competitive pricing.
Written by urgent.news from Fast Company's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
