$ROST.US
Ross Stores Is Winning the Value Shopper đď¸
Ross Stores just gave investors a surprisingly strong read on the American consumer. The discount retailer reported second-quarter revenue of $6.26 billion, up 13% from a year earlier, while comparable-store sales jumped 10%.
Profit was even stronger. Net income reached $851.3 million, compared with $508 million a year earlier, although the quarter also benefited from roughly $253 million in tariff refunds.
Management raised its full-year earnings forecast to $8.61â$8.77 per share, well above its previous range of $7.50â$7.74. The company also expects comparable sales to grow 6%â7% in the third quarter.
Ross is clearly seeing stronger traffic from both new and returning customers. It plans to open 115 stores this year, up from its previous target of 110, signaling management sees room to keep expanding.
The bigger takeaway? Consumers may be feeling pressure, but theyâre still spending when the value proposition is right. Rossâs results suggest discount retailers could remain relatively resilient if shoppers continue prioritizing lower prices. đ
Ross Stores Is Winning the Value Shopper đď¸
Ross Stores just gave investors a surprisingly strong read on the American consumer. The discount retailer reported second-quarter revenue of $6.26 billion, up 13% from a year earlier, while comparable-store sales jumped 10%.
Profit was even stronger. Net income reached $851.3 million, compared with $508 million a year earlier, although the quarter also benefited from roughly $253 million in tariff refunds.
Management raised its full-year earnings forecast to $8.61â$8.77 per share, well above its previous range of $7.50â$7.74. The company also expects comparable sales to grow 6%â7% in the third quarter.
Ross is clearly seeing stronger traffic from both new and returning customers. It plans to open 115 stores this year, up from its previous target of 110, signaling management sees room to keep expanding.
The bigger takeaway? Consumers may be feeling pressure, but theyâre still spending when the value proposition is right. Rossâs results suggest discount retailers could remain relatively resilient if shoppers continue prioritizing lower prices. đ