Ross is opening more stores: List of new locations grows in 2026 expansion

Shares of Ross Stores (Nasdaq: ROST) are up about 8% following a positive second quarter earnings report. The California-based retail department store chain saw its quarterly sales rise 13% year-over-year (YOY) to $6.26 billion. Its same-store sales were similarly up 10% YOY, something the company attributes to higher traffic. In the report, published Thursday, Ross said it was updating its store expansion plan to 115 new stores in 2026, up from 110, with 47 of those locations having opened during the last quarter. The company also increased its forecast earnings per share to between $8.61 and $8.77, from $7.50 to $7.74. The forecast includes a boost per share of 60 cents thanks to government tariff refunds. Ross is the latest retailer to get a tariff refund In its latest report, Ross disclosed that it had received $253 million in tariff refunds. It joins fellow retailers like Target and Walmart in receiving these payments following the Supreme Court’s February decision to rule President Trump’s “Liberation Day” tariffs as illegal. The refund helped fuel $1.1 billion in operating profits for the quarter, up from $638.27 million a year ago. While Walmart emphasize…