Shares of Ross Stores Inc. (ROST) advanced in premarket trading Friday following a second-quarter earnings report that surpassed analyst forecasts. The off-price retailer demonstrated resilience by overcoming tariff-related headwinds and reaffirming its confidence in a strong finish to the fiscal year.

The company reported quarterly earnings of $1.56 per share on revenue of $5.53 billion. This outperformed the consensus earnings estimate of $1.53 per share, even as tariffs reduced per-share earnings by approximately $0.11. The financial impact from tariffs landed on the low end of the company’s initial projection, providing a slight advantage. Comparable store sales, a critical metric for retailers, increased by 2%, meeting the high end of the company’s own guidance. Analysts noted the results were particularly robust given emerging concerns over consumer spending patterns during the quarter.

Looking ahead, Ross Stores issued an optimistic forecast for the remainder of the year. The company anticipates comparable store sales growth between 2% and 3% for both the third and fourth quarters. This sales outlook supports earnings per share projections in the range of $1.31 to $1.37 for Q3 and $1.74 to $1.81 for Q4. For the full fiscal year ending January 2026, Ross expects earnings to land between $6.08 and $6.21 per share. The company stated it believes broader retail pricing will continue to rise, driving value-conscious consumers to seek out its offerings, especially during the important Fall season.

In response to the strong report, investment firm Evercore ISI raised its third-quarter same-store sales forecast for Ross to 4%, signaling a belief that the retailer is well-positioned to exceed its own second-half guidance and continue its market outperformance.