Ross Stores FY26 Q1 net income rises 36% to $650 million; sales climb 21% to $6.01 billion
Ross Stores, Inc. ROST | 0.00 |
- Ross Stores posted first-quarter net income of $650 million, up 36%, as diluted EPS climbed 37% to $2.02.
- Sales rose 21% to $6.01 billion, with comparable store sales up 17% on about 11% higher traffic and 6% higher basket.
- Operating income increased 33% to $804 million, lifting operating margin 1.2 percentage points to 13.4%.
- Operating cash flow jumped to $836 million from higher net earnings and higher accounts payable leverage, which rose to 89% from 81%.
- The retailer opened 17 stores in the quarter, stayed on track for about 110 openings in fiscal 2026, and declared a $0.445 quarterly dividend.
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