The company said sales for the first quarter of fiscal 2026 were $6,010 million ($4,985 million in the same quarter last year), operating income was $804 million ($606 million a year earlier), and operating income as a percentage of sales was 13.4% (12.2% a year earlier).

1. 01

   The company said sales for the first quarter of fiscal 2026 were $6,010 million ($4,985 million in the same quarter last year), operating income was $804 million ($606 million a year earlier), and operating income as a percentage of sales was 13.4% (12.2% a year earlier).

2. 02

   Sales rose by approximately $1,026 million (21%), the company said, with comp store sales up 17%, traffic up approximately 11%, and basket up 6%. Cost of goods sold as a percentage of sales fell by approximately 145 basis points, and the company cited a 85 basis points increase in merchandise margin as the main factor.

3. 03

   Diluted earnings per share rose $0.55 (37%) to $2.02 from $1.47 a year earlier, and net income was $650 million, Ross Stores said. The company also said its effective tax rate was 22.4%, down 2.8% from 25.2% a year earlier.

4. 04

   Ross Stores said unrestricted cash was $4.1 billion as of Q1, and $1.3 billion was available under its Credit Facility. During the quarter, it repurchased 1.5 million shares for $318.7 million under its $2.55 billion stock repurchase program and paid cash dividends of $143.6 million.

Key figures

Quarter ended May 2, 2026

Revenue

$6.0B

Operating income

$804M

Net income

$650M

EPS

$2.02

Operating cash flow

$836M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.