Ross Stores Reports Strong Growth in Q1, Raises Full-Year Guidance
May 21, 2026, 4:05 PM EDT2 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The beat on sales and earnings, alongside an increase in guidance, indicates a strong operational performance. Historically, similar results have often led to stock price increases in retail companies.
AI summary
What happened, with direct paths to the underlying reporting
Ross Stores reported a 21% increase in Q1 sales with a remarkable 17% rise in comparable store sales. The company significantly exceeded EPS guidance and raised its fiscal 2026 outlook, forecasting same-store sales growth of 6-7%, suggesting a strong consumer interest and operational momentum.
Ross Stores' Q1 sales increased 21%, with comparable store sales up 17%.
Operating margin reached 13.4%, exceeding expectations of 11.8% to 12.1%.
Earnings per share of $2.02 grew 37%, surpassing guidance by a wide margin.
The company increased fiscal 2026 same store sales growth forecast to 6-7%.
Share buybacks of $319 million were executed; $1.275 billion buyback plan confirmed.
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