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Ross Stores’ $6.0 Billion Quarter: Can 17% Comp Growth Last?

Ross Stores reported a strong start to fiscal 2026, with first-quarter total sales increasing 21% to $6.0 billion and earnings per share rising 37% to $2.02. Comparable store sales grew 17%, driven primarily by a higher number of transactions and broad-based growth across demographics, merchandise categories, and geographies. The increase was partially influenced by higher tax refunds compared to the prior year and a rebound in traditionally softer seasonal months, such as February. Merchandise categories including ladies’ apparel, cosmetics, juniors, and home all posted comp growth in the teens or higher, while geographic performance was strongest in the Midwest. The company also continued steady store expansion, opening 13 new Ross stores and 4 dd’s DISCOUNTS locations, aiming for about 110 new stores in fiscal 2026 with a 5% unit growth target.