ROST stock climbs 4% premarket as earnings rise 32% to $2.06 per share and revenue hits $6.26 billion.
Ross Stores reported second-quarter earnings of $2.06 per share, a 32% increase from the prior year, driven by strong discount retail demand. Revenue rose 13% to $6.26 billion, surpassing expectations and reflecting robust consumer spending on off-price apparel.
The results compare to last year’s earnings of $1.56 per share and revenue of $5.54 billion. Analysts had anticipated modest growth, but the company’s performance outpaced consensus estimates, signaling resilience in the discount retail sector.
Shares of ROST jumped about 4% in premarket trading, positioning the stock to retake a key buy point as broader markets rebounded from a recent sell-off.