Ross Stores Q1 EPS rises 37% to $2.02, beats guidance; raises fiscal 2026 outlook
Ross Stores reported first quarter fiscal 2026 sales up 21% to $6.0 billion and diluted earnings per share of $2.02, up 37% and well above its guidance of $1.60 to $1.67. The company raised its fiscal 2026 earnings per share outlook to $7.50 to $7.74 and expects second quarter earnings per share of $1.85 to $1.93.
- Q1 comparable store sales rose 17%; operating margin was 13.4% versus a plan of 11.8% to 12.1%
- Q1 net income was $650 million, up from $479 million a year earlier
- Fiscal 2026 EPS outlook raised to $7.50 to $7.74, versus $6.61 in fiscal 2025
- Q1 share repurchases totaled $319 million; the company remains on track to buy back $1.275 billion in fiscal 2026