earnings
confidence high
sentiment positive
materiality 0.80
Ross Stores Q1 EPS $2.02 beats guidance; comps +17%, raises FY outlook
ROSS STORES, INC.
- First quarter EPS $2.02, up 37% YoY, significantly above guidance of $1.60-$1.67.
- Total sales $6.0B (+21% YoY); comparable store sales rose 17% vs flat last year.
- Operating margin 13.4% vs planned 11.8%-12.1%, driven by strong sales.
- Repurchased 1.5M shares for $319M in Q1; on track for $1.275B buyback in FY26.
- Raised FY26 EPS guidance to $7.50-$7.74 (13-17% growth) and comps to 6-7%.