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A $100 million tariff refund sent Abercrombie surging in a single session while the same catalyst left Kohl's nearly unchanged and Ross investors shrugging. The gap between those reactions reveals something more important than the windfall itself.
Ross Stores has raised its fiscal 2026 (FY26) full-year profit forecast after reporting a substantial rise in second quarter (Q2) sales and earnings, fuelled by a one-time tariff refund and accelerated store openings.
Ross Stores spiked 8% after delivering a quintessential beat-and-raise quarter, as it blew past Wall Street's expectations. Earnings got a boost from tariff refunds.
Ross Stores (NASDAQ:ROST) shares rallied in pre-market trading after the off-price retailer delivered stronger-than-expected second-quarter sales and earnings and raised its full-year profit outlook, supported by higher customer traffic and a tariff refund. Sales for the quarter increased 13% year on year to $6.
Walmart earnings are due early Thursday after a summer promotional pricing blitz to lure inflation-weary consumers. On Wednesday, WMT stock edged higher, near a key level. The big Dow Jones stock is the nation's and world's largest retailer by 2025 sales, according to the National Retail Federation.
From screen-time eyestrain to social media’s negative impact on mental health, there are plenty of reasons to get offline even as technology takes over more aspects of our lives. Off-price retailers like Ross Stores are living proof that analog can thrive in the age of e-commerce. Investors might be hesitant to invest in Ross Stores after the shares soared some 80% in the past year, but consider another double-digit number: 17%.
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