• Reported GAAP EPS of $2.04 up 37.84% YoY • Reported revenue of $6.01B up 20.57% YoY • Ross Stores forecasts Q2 fiscal 2026 comparable store sales to increase 6% to 7%, with earnings per share projected at $1.85 to $1.93. For fiscal 2026, Ross Stores now projects EPS in the range of $7.50 to $7.74.
Bullish
Ross Stores reported strong first quarter sales, with a 21% increase in total sales and 17% comparable store sales growth. Earnings per share significantly exceeded guidance, driven by customer traffic and assortments.
Bearish
Ross Stores faces risks from adverse macroeconomic changes, including inflation impacting costs and consumer behavior. Supply chain disruptions and dependence on merchandise availability also pose challenges.