Full-Time
Off-price apparel and home fashion retailer
No salary listed
Altamonte Springs, FL, USA
Hybrid
Hybrid role requiring regular in-office presence in Casselberry, FL.
Bachelor's
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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
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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 Q2 sales surge 13% on strong customer traffic. Published on 21 August 2026 at 8:47 pm - Written by Chris Martin - Reading duration: 2 minutes · read 10 times Ross Stores reported a 13% surge in second-quarter sales to $6.3 billion, driven by strong customer traffic that pushed comparable store sales up 10%, marking another robust quarter for the off-price retailer as consumers continue seeking value amid economic pressures. The quarter, which ended August 1, 2026, significantly exceeded Wall Street expectations. Earnings per share reached $2.66, well above the company's guidance of $1.85 to $1.93, though this figure includes approximately $0.60 per share from tariff refunds. The comparable store sales gain came on top of a 2% gain in the prior year quarter, demonstrating sustained momentum. CEO Jim Conroy attributed the strong performance to "compelling merchandise offerings, engaging marketing initiatives, and continued enhancements to the in-store experience." The company noted that growth was supported by both new customer acquisition and higher engagement from existing customers, suggesting the appeal extends across the customer base. Ross's Q2 performance followed an exceptional first quarter, where comparable store sales surged 17% to $6.0 billion in total sales, a 21% increase year-over-year. The sustained strength across consecutive quarters reflects broader consumer trends toward off-price retail, as shoppers seek lower prices in response to inflation and economic uncertainty. The company raised its full-year outlook and expanded its growth plans. Ross increased its 2026 new store opening plan to 115 locations, consisting of approximately 90 Ross Dress for Less and 25 dd's DISCOUNTS stores, up from the previous plan. The company also raised guidance for comparable store sales in the second half, now expecting 6% to 7% growth in the third quarter and 4% to 5% in the fourth quarter, despite more challenging year-over-year comparisons. For the first six months of fiscal 2026, Ross reported sales of $12.3 billion, up 17% from $10.5 billion in the prior year. Comparable store sales for the six-month period were up 13%, and net income reached $1.5 billion compared to $987 million in the same period last year. The company remains on track to repurchase $1.275 billion in common stock during fiscal 2026, demonstrating confidence in its financial position. Off-price retail has emerged as a standout performer in the broader retail landscape. The off-price retail market is valued at approximately $405 billion in 2026 and is expected to grow at a compound annual growth rate of 8.9% through 2033, according to market research. Ross's performance reflects this sector strength, as consumers increasingly prioritize value and discount options over traditional department store shopping. Sources. * Ross Stores Investor Relations - Official Q2 2026 earnings press release with financial results, comparable store sales data, and full-year guidance updates * Retail TouchPoints - Coverage of Q2 results including total sales figures of $6.3 billion and comparable store sales growth of 10% * Quartz - Q2 earnings report confirming revenue of $6.26 billion and comparable store sales increase of 10% driven by customer traffic * Chain Store Age - Analysis of Q2 performance and new store opening expansion plans to 115 locations * Coherent Market Insights - Off-price retail market valuation and growth rate data for 2026-2033 period Give your feedback. Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to some of the most complex issues shaping the American economy today. At ECIKS.org, Chris covers breaking developments across domestic economic policy, business strategy, Wall Street movements, and political decisions that ripple through financial markets. His reporting blends rigorous data analysis with accessible storytelling making critical information useful for investors, entrepreneurs, and engaged citizens alike. ECIKS.org is an independent media. Support ECIKS by adding ECIKS to your Google News favorites:
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.