Ross Stores Beats Q1 Earnings, Shares Jump 7%

Ross Stores shares rose 7% after‑hours as Q1 adjusted EPS hit $2.02 versus $1.71 consensus and revenue $6 bn beat $5.6 bn forecast.
Comparable store sales surged 17% YoY, driving operating margin to 13.4% above the 11.8‑12.1% target for the quarter.
CEO Jim Conroy credited strong customer traffic and spring assortment transition for the performance in the first quarter.
Company forecast FY2026 EPS $7.50‑$7.74, raised FY2025 same‑store growth to 5%, and plans $1.275 bn share buyback during fiscal 2026 as part.