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Q1 27 EPS
$2.02
BEAT +17.41%
Est. $1.72
Q1 27 Revenue
$6.01B
BEAT +6.42%
Est. $5.65B
vs S&P Since Q1 27
-3.1%
TRAILING MARKET
ROST -3.0% vs S&P +0.1%
Market Reaction
Did ROST Beat Earnings? Q1 2027 Results
Ross Stores delivered a blowout first quarter for fiscal 2026, posting diluted EPS of $2.02 that beat the $1.72 consensus estimate by 17.41%, extending the off-price retailer's streak of consensus EPS beats to four consecutive quarters. Revenue climb… Read more Ross Stores delivered a blowout first quarter for fiscal 2026, posting diluted EPS of $2.02 that beat the $1.72 consensus estimate by 17.41%, extending the off-price retailer's streak of consensus EPS beats to four consecutive quarters. Revenue climbed 20.6% year-over-year to $6.01 billion, clearing the $5.65 billion consensus by 6.42%, as comparable store sales surged 17%, a dramatic rebound from flat comps in the year-ago period. The standout performance was driven primarily by a surge in customer traffic, which management credited to compelling Spring merchandise assortments, stronger marketing initiatives, and an improved in-store experience, with an added lift from elevated tax refund spending. Operating margin came in at 13.4%, well above the company's own guided range, underscoring the leverage inherent in the off-price model when sales outperform. Looking ahead, Ross raised its full-year fiscal 2026 EPS outlook to $7.50 to $7.74, implying growth of 13% to 17%, as the broader off-price retail sector continues to attract value-conscious consumers.
Key Takeaways
- • Comparable store sales rose 17% versus flat comps in the prior year
- • Customer traffic was the primary driver of strong sales trends
- • Compelling merchandise assortments resonated with shoppers
- • Higher customer acquisition and engagement from ongoing marketing initiatives
- • Improved in-store experience
- • Higher consumer spending related to tax refunds
- • Operating margin of 13.4% well above plan of 11.8% to 12.1%
- • Strong Spring assortment transition
ROST Forward Guidance & Outlook
For Q2 fiscal 2026 (13 weeks ending August 1, 2026), comparable store sales are forecasted to increase 6% to 7%, with EPS projected at $1.85 to $1.93, representing growth of 19% to 24% versus $1.56 in Q2 fiscal 2025. For the full fiscal year 2026, the company raised its outlook: same-store sales growth is now projected at 6% to 7% (on top of a 5% gain in fiscal 2025), and EPS is projected in the range of $7.50 to $7.74, or growth of 13% to 17% compared to $6.61 for fiscal 2025.
ROST YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
“We achieved outstanding sales and earnings results in the first quarter with superb execution throughout the business, especially the transition of our Spring assortment. Momentum was solid throughout the quarter, with broad-based strength across the business. Customer traffic was the primary driver of the strong sales trend as compelling merchandise assortments, higher customer acquisition and engagement from our ongoing marketing initiatives, and an improved in-store experience are resonating with shoppers. We believe our results also benefited from higher consumer spending related to tax refunds.”
— Jim Conroy, Q1 2027 Earnings Press Release
ROST Earnings Trends
ROST vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ROST EPS Trend
Earnings per share: estimate vs actual
ROST Revenue Trend
Quarterly revenue: estimate vs actual
ROST Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $1.72 | $2.02 | +17.41% | $6.01B | +6.42% |
| Q4 26 BEAT FY | $1.91 | $2.00 | +4.90% | $6.64B | +3.10% |
| FY Full Year | $6.51 | $6.61 | +1.52% | $22.75B | +0.88% |
| Q3 26 BEAT | $1.42 | $1.58 | +10.90% | $5.60B | +3.53% |
| Q2 26 BEAT | $1.54 | $1.56 | +1.41% | $5.53B | -0.23% |
| Q1 26 BEAT | $1.43 | $1.47 | +2.46% | $4.98B | +0.58% |