Full-Time
Off-price apparel and home fashion retailer
No salary listed
Morrow, GA, USA + 1 more
More locations: Clemson, SC, USA
In Person
On-site in the Atlanta metro area; must be able to work evenings and weekends.
See people who can refer or advise you
Ross Stores runs off-price retail chains with two brands: Ross Dress for Less and dd's DISCOUNTS. It buys off-season, overstocked, or irregular items from manufacturers and department stores and sells them at significant discounts—about 20% to 60% below regular prices at Ross, and 20% to 70% at dd's DISCOUNTS. The chain differentiates itself through its large scale and two-brand approach, targeting value-conscious shoppers who want brand-name and designer merchandise at bargain prices. The goal is to make fashionable, brand-name items affordable for a wide range of customers by offering substantial savings compared with traditional retailers.
Company Size
10,001+
Company Stage
IPO
Headquarters
Dublin, California
Founded
1957
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Hybrid Work Options
Ross Stores and TJX Companies reported contrasting second-quarter results for the same 13-week period, prompting divergent market reactions. Ross Stores saw comparable sales grow 10%, driven primarily by customer traffic, with total sales rising 13% to $6.3 billion. Net income climbed to $851 million from $508 million year-over-year. The stock jumped over 4% following the report. TJX Companies posted 4% comparable sales growth, with revenue up 5% to $15.2 billion. However, its flagship Marmaxx division grew comparable sales just 1%, down from 3% previously. The stock fell despite raised margin and earnings guidance. The divergence stems from forward outlooks. Ross expects 6% to 7% comparable sales growth next quarter, whilst TJX projects only 2% to 3%. Both companies trade at similar valuations, but Ross demonstrates stronger traffic momentum.
Ross Stores raised its full-year earnings outlook after reporting stronger-than-expected second-quarter results. The discount retailer's revenue climbed 13% year-over-year to $6.3 billion, whilst same-store sales rose 10%. Net income surged 68% to $851 million, or $2.66 per diluted share. The company attributed its double-digit sales growth to increased customer traffic, attracting new shoppers and boosting engagement from existing customers. Ross Stores now expects full-year earnings between $8.61 and $8.77, up from its previous forecast of $7.50 to $7.74. The retailer plans to open 115 new locations this year, up from an earlier estimate of 110. Shares jumped about 4% following the announcement and have gained approximately 32% in 2026.
US stock futures edged higher on Friday, pointing to a modest rebound after Wall Street's steepest decline in three weeks, as investors weighed rising Treasury yields and a rally in cryptocurrency-related stocks. Ross Stores shares surged nearly 9% in premarket trading after the discount retailer raised its annual earnings forecast. The company now projects earnings per share of $8.61-$8.77, up from $7.50-$7.74 previously. Second-quarter revenue rose 13% year over year to $6.26 billion, topping estimates of $6.18 billion. O-I Glass shares climbed 6.6% after Citi upgraded the glass-container maker to Buy from Neutral, raising its price target to $9 from $8. Flowers Foods shares fell 4.2% after reporting weaker-than-expected second-quarter results, with adjusted earnings of $0.21 per share missing the $0.24 consensus estimate. Cryptocurrency-linked stocks rallied as Bitcoin extended its rebound.
Ross Stores reported record second-quarter sales of $6.3 billion, up 13% year-over-year, with comparable store sales rising 10% driven by higher customer traffic. Earnings per share reached $2.66, compared to $1.56 in the prior year. Gross margin improved 625 basis points, including a 405 basis point benefit from tariff refunds. Net income totalled $851 million versus $508 million previously. The company raised its store opening plans to 115 locations in 2026, up from 110. For the full year, Ross Stores forecasts earnings per share between $8.61 and $8.77, including approximately $0.60 from tariff refunds. Third-quarter comparable store sales are expected to increase 6% to 7%. The retailer repurchased 1.4 million shares for $319 million during the quarter.
Ross Stores Q2 earnings call highlights. August 20, 2026 Key points. * Ross Stores delivered strong Q2 fiscal 2026 results: Sales rose 13% to $6.3 billion, comparable-store sales increased 10%, and net income climbed to $851 million, or $2.66 per share. Growth was driven mainly by higher customer traffic and transaction volume across categories and regions. * Margins benefited significantly from tariff refunds: Gross margin expanded 625 basis points, including $253 million - or about $0.60 per share - in tariff refunds. Excluding those refunds, operating margin still improved 205 basis points year over year. * The company raised its second-half outlook and expansion plans: Full-year EPS is now expected at $8.61 to $8.77, while fiscal 2026 store openings increased to 115 from 110 previously. Ross also plans to repurchase approximately $1.275 billion of stock during the year. * MarketBeat previews top five stocks to own in September. Ross Stores NASDAQ: ROST reported strong second-quarter fiscal 2026 results, with sales rising 13% to $6.3 billion and comparable-store sales increasing 10%, driven primarily by higher transaction volume. The company said the quarter marked its second consecutive period of double-digit comparable-store sales growth and that sales strengthened through the quarter, with July producing the strongest performance. Chief Executive Officer Jim Conroy said customer traffic remained the primary contributor to the comparable-sales increase. The company saw gains from new shoppers, returning customers who had not visited in some time, and more frequent trips from existing customers. Those customers also spent more per visit, Conroy said. "The underlying metrics that we see are just extremely positive across the board," Conroy said, pointing to broad-based growth across customer groups, merchandise categories and geographic markets. Ross said its customer gains spanned income levels, age groups and ethnicities, including younger shoppers. Conroy attributed the results to customer-acquisition efforts, marketing, improved store execution, broader merchandise assortments and expanded vendor relationships. At the Ross banner, results were broad-based across merchandise categories and geographies. Home and cosmetics were the strongest businesses in the quarter, while the Midwest was the strongest region. The dd's DISCOUNTS chain also posted solid and broad-based performance across merchandise and geographic areas, management said. Conroy said the company's merchant teams have added vendors and brands, while store teams have improved organization, inventory recovery and checkout queues. He said Ross is also gaining access to more popular brands, though not necessarily at higher price points, and remains committed to maintaining value-oriented pricing. "We absolutely want to have the best values in our store," Conroy said. He added that the company expects modest, low-single-digit average unit retail increases during the second half of the year. Margins benefited from tariff refunds. Second-quarter gross margin increased 625 basis points from the prior year, including 405 basis points of tariff refunds. Merchandise margin rose 110 basis points, while distribution costs declined 100 basis points, which the company attributed to favorable timing of packaway-related expenses, higher productivity and the anniversary of prior-year tariff-related processing costs. Discover more Stock Average Calculator MarketBeat Portfolio Tracking MarketBeat All Access Occupancy costs leveraged by 25 basis points. Those gains were partly offset by a 5-basis-point increase in buying costs from higher incentives and a 10-basis-point increase in freight costs due to higher fuel prices. SG&A expense deleveraged by 15 basis points because of higher incentive compensation tied to earnings outperformance. Operating margin rose 610 basis points; excluding tariff refunds, operating margin increased 205 basis points year over year. Net income increased to $851 million, or $2.66 per share, from $508 million, or $1.56 per share, a year earlier. For the first six months of fiscal 2026, sales rose 17% to $12.3 billion, comparable-store sales increased 13%, and earnings per share reached $4.69, compared with $3.03 in the prior-year period. The company said its second-quarter and first-half results included $253 million, or about $0.60 per share, in tariff refunds. Inventory and store growth plans. Consolidated inventory was up 18% at quarter-end. Packaway inventory accounted for 36% of total inventory, compared with 38% a year earlier. Management said the inventory position supports elevated customer traffic and a broader selling-floor assortment while maintaining fast inventory turns. Group President and Chief Operating Officer Michael Hartshorn said store-level inventory increased partly to support stronger demand, but in-store turns remained strong and clearance levels stayed low. He said Ross retains flexibility in its open-to-buy plans to respond to closeout opportunities or adjust inventory if demand changes. Ross raised its planned store openings for fiscal 2026 to 115 locations from 110 previously, along with approximately five to 10 relocations and closures. The company expects to open 51 stores in the third quarter, including 41 Ross locations and 10 dd's DISCOUNTS stores. Hartshorn said recent openings have performed ahead of the company's expectations, including in the Northeast, where Ross is continuing its expansion. The company's long-term model contemplates approximately 5% annual unit growth, he said. Raised second-half outlook. Ross raised its outlook for both the third and fourth quarters despite more difficult comparisons in the second half. * Third-quarter comparable-store sales are expected to rise 6% to 7%, with total sales up 9% to 11%. * Third-quarter earnings per share are forecast at $1.75 to $1.83, compared with $1.58 a year earlier. * Fourth-quarter comparable-store sales are projected to increase 4% to 5%, following a 9% increase in the prior-year period. * Fourth-quarter earnings per share are expected to range from $2.17 to $2.26, compared with $2.00 last year. * Full-year earnings per share are now forecast at $8.61 to $8.77, versus $6.61 in fiscal 2025, including approximately $0.60 per share from tariff refunds. Chief Financial Officer Bill Sheehan said the third-quarter operating-margin outlook of 11.7% to 12.0%, versus 11.6% last year, assumes leverage from comparable-store sales growth and slightly higher merchandise margins. Higher fuel-related freight expense is expected to partially offset those gains. Ross repurchased approximately 1.4 million shares for $319 million during the quarter and said it remains on track to repurchase $1.275 billion of stock during fiscal 2026 under its current authorization. Management said it plans to continue testing and scaling initiatives across merchandising, marketing and store operations, while keeping investments within its established financial model. Conroy said the company believes it is still in the early stages of realizing the potential of its growth initiatives. About Ross Stores (NASDAQ:ROST). Ross Stores, Inc NASDAQ: ROST is an American off-price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd's DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand-name and fashion merchandise at reduced prices. Ross's business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Ross Stores, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ross Stores wasn't on the list. While Ross Stores currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.