Ross Stores has been upgraded to a Zacks Rank #1 (Strong Buy) after posting the strongest comparable-store sales quarter in its four-decade history. The off-price retailer reported a 17% jump in same-store sales, adjusted earnings of $2.02 per share that beat the consensus estimate by 18.9%, and revenues of $6.01 billion, up 21% year over year. Management raised its full-year guidance to comparable-sales growth of 6–7% and earnings per share of $7.50 to $7.74, while analysts have lifted the current-year consensus estimate about 5.8% over the past 60 days to near $7.74. The stock has climbed roughly 27% year-to-date, breaking out to new highs on strong volume, and the company plans to open about 110 new stores in fiscal 2026 as it expands toward a long-term target of 2,900 Ross and 700 dd’s DISCOUNTS locations.
Ross Stores IncStrong Buy upgrade, record comps, earnings beat, raised guidance, and analyst estimate increases.