NASDAQ:LGN 8 January 2026 - 23 February 2026

June 29, 2026, 3:43 PM EDT. Ross Stores (NASDAQ:ROST) pulled in $6.01 billion in revenue for Q1, up 20.6% from a year ago and 6.6% over forecasts, leading discount retail. The off-price chain kept customer traffic strong with sales of excess inventory at deep discounts. CEO Jim Conroy pointed to good execution, marketing, and a boost from tax refund spending. Still, shares of discount retailers dropped about 4.5% after earnings, as investors weighed worries around e-commerce and lower mall traffic. Ross stays focused on its value model as retail faces mixed signals.