Goldman Sachs
May 22, 2026
Ross Stores F1Q26 Earnings Review
Single Stock ReportEquitiesConsumer Discretionary
Ross Stores (ROST) delivered a substantial 1Q26 beat with 17% comp growth, leading Goldman Sachs to raise its price target to $270 and reiterate a BUY rating.
Key Takeaways
- 1.Ross Stores reported a significant 1Q26 earnings beat with +17% comp growth, driven primarily by increased customer transactions.
- 2.Strategic execution across marketing, merchandising, and operations is driving durable momentum and market share gains.
- 3.Management raised FY26 EPS guidance to $7.50-$7.74, signaling confidence despite headwinds like fuel costs.
Table of Contents
- Key Data
- GS Forecast
- GS Factor Profile
- Ratios & Valuation
- Growth & Margins (%)
- Industry metrics
- Price Performance
- Income Statement ($ mn)
- Balance Sheet ($ mn)
- Cash Flow ($ mn)
- What happened
- Outlook
- Estimates, valuation and key risks
- Disclosure Appendix
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
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Authors
Brooke Roach, CFAMentesnot Adamu
Securities
ROSTTJX Cos.
Themes
Off-Price Retail MomentumStrategic Flywheel ExecutionSupply Chain / Vendor Relationships
Regions
North AmericaUnited States