Ross Stores

Q2 FY2027 EarningsQ2 FY27 beat consensus across all major financial metrics: revenue $6.26B vs. $6.16B expected, and gross margin 33.8% vs. 29.0% expected. The significant outperformance in profitability was primarily driven by a $253M one-time recovery of IEEPA tariffs and a 10% surge in comparable store sales. Diluted EPS of $2.66 substantially exceeded the $1.95 consensus. Management raised the full-year store opening guidance to 115 new locations, signaling continued aggressive expansion despite macro uncertainties.