Ross Stores Q1 Revenue Rises 21%, EPS Beats by $0.31; 2026 EPS Guidance Raised
Ross Stores delivered fiscal Q1 adjusted EPS of $2.02, topping estimates by $0.31, on revenue of $6.0 billion—a 21% increase year-over-year—and saw comparable store sales surge 17% with operating margin reaching 13.4%. The company raised its fiscal 2026 EPS guidance to $7.50–$7.74, forecasted Q2 comparable sales growth of 6%–7% with EPS of $1.85–$1.93, and repurchased 1.5 million shares for $319 million.
1. Strong Q1 Results
Ross Stores delivered adjusted EPS of $2.02 in fiscal first quarter, exceeding expectations by $0.31 on revenue of $6.0 billion, a 21% year-over-year increase, while comparable store sales rose 17% and operating margin expanded to 13.4%.
2. Raised Fiscal 2026 Guidance
Following the outperformance, Ross Stores raised its full-year fiscal 2026 EPS guidance to $7.50–$7.74, and projected second-quarter comparable store sales growth of 6%–7% with EPS of $1.85–$1.93.
3. Share Buyback Activity
During the quarter, the company repurchased 1.5 million shares for $319 million and remains on track to complete $1.275 billion in stock buybacks during fiscal 2026.