Ross Stores IncStrongest Q1 results with revenue beat of 6.6% and raised guidance, driven by robust demand.
Ross Stores posted the strongest first-quarter results among discount retailers, with revenue of $6.01 billion, up 20.6% year over year and beating analyst estimates by 6.6%. The company also exceeded expectations for next-quarter EPS guidance and EBITDA. Five Below reported revenue of $1.29 billion, up 32.5% year over year, surpassing estimates by 5.7% and raising its full-year guidance, though its stock fell 15.2%. Ollie's Bargain Outlet had the weakest performance, with revenue of $658.9 million missing estimates by 0.7% and the softest full-year guidance update. TJX posted revenue of $14.32 billion, up 9.2% year over year and beating estimates by 2.4%, while Burlington Stores reported revenue of $2.86 billion, up 14.1% year over year and exceeding estimates by 2.7%. Overall, the five discount retailers tracked beat consensus revenue estimates by 3.3% and provided next-quarter revenue guidance 2.2% above expectations, though their average share price has declined 4.5% since reporting.
Ross Stores IncStrongest Q1 results with revenue beat of 6.6% and raised guidance, driven by robust demand.
Five Below IncStock fell 15.2% despite revenue beat and raised guidance, likely due to market disappointment.
Ollie's Bargain Outlet HldgRevenue missed estimates by 0.7% and had weakest full-year guidance, indicating weaker demand.
Burlington Stores IncRevenue beat estimates by 2.7%, indicating strong customer demand.
The TJX Companies IncRevenue beat estimates by 2.4%, indicating solid customer demand.