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Ross Stores’ Next Big Test — Can 115 New Stores Extend The Growth Run?

Ross Stores reported a robust second quarter of fiscal 2026, demonstrating solid top-line growth with total sales increasing 13% to $6.3 billion and comparable store sales advancing 10%, marking consecutive quarters of double-digit comp growth. The growth primarily stemmed from increased customer traffic, supported by successful customer acquisition efforts reaching a broad demographic spectrum, including younger shoppers and diverse income groups. Both Ross Dress for Less and its subsidiary dd’s DISCOUNTS experienced broad-based strength across merchandise categories and geographies, notably driven by home and cosmetics sectors, and particularly strong performance in the Midwest. Inventory levels rose 18%, with packaway inventory declining slightly as a percentage of total stock, reflecting a strategic balance of meeting elevated demand while sustaining fast inventory turnover and enhancing merchandise offerings.