Ross Stores Reports First Quarter Fiscal 2026 Financial Results

Ross Stores, Inc. reported a strong first quarter for fiscal year 2026, with total sales increasing by 21% to $6.0 billion and comparable store sales rising by 17%. Earnings per share (EPS) grew by 37% to $2.02, significantly exceeding the company's guidance. The company's operating margin was 13.4%, surpassing its projected range. Ross Stores also announced an increase in its fiscal year 2026 outlook, now expecting comparable store sales growth of 6% to 7% and EPS projected between $7.50 to $7.74. During the quarter, the company repurchased $319 million of its common stock. The robust performance was attributed to strong sales, effective execution, compelling merchandise, and increased customer traffic, potentially boosted by tax refunds and ongoing marketing initiatives. The company raised its full-year guidance based on these positive results and its second-quarter forecast.