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Ross Stores Lifts Full-Year Outlook After First-Quarter Outperformance

Ross Stores Inc. raised its fiscal 2026 sales and profit guidance following first-quarter results that exceeded analyst expectations, buoyed by robust customer demand and record same-store sales growth.

The discount retailer's Q1 performance benefited from elevated traffic among younger consumers, driving comparable-store sales to their highest level in company history. The strong quarter prompted management to elevate full-year projections across both revenue and earnings metrics.

Ross attributed momentum to sustained consumer interest in value-oriented retail offerings. The chain's expanded second-quarter guidance also reflected confidence in sustained demand through the remainder of the fiscal year.

The results underscore continued strength in off-price retail channels as shoppers prioritize value propositions amid broader economic conditions.