Ross Stores (NASDAQ: ROST) shares jumped approximately 7% in extended trading on May 22, 2026. The off-price retailer reported first-quarter GAAP earnings of $2.02 per share. This result beat the Wall Street consensus estimate of $1.71.
Net sales grew 21% year-over-year to $6.01 billion. This total exceeded analyst projections of $5.65 billion. Comparable store sales rose 17% due to robust customer traffic across all demographic groups.
CEO Jim Conroy raised the fiscal 2026 earnings guidance to a range of $7.50 to $7.74 per share. The results highlight resilient demand in the discount sector as value-focused spending persists.