Ross Stores Q1 sales jump 21%, raises full-year earnings forecast to $7.50-$7.74 per share

Ross Stores reported a 21% sales increase in Q1 fiscal 2026, driven by a 17% rise in comparable store sales and strong customer traffic. Earnings per share rose 37% to $2.02, surpassing guidance, supported by effective marketing and higher consumer spending. The company repurchased $319 million in shares and raised its full-year earnings per share forecast to $7.50-$7.74, expecting 6-7% same-store sales growth. Ross remains confident in its market position and growth prospects amid solid execution and customer engagement.