Ross Stores Surges on Sales Beat as Bargain Demand Holds Up
Ross Stores shares jumped 5.3% in after-hours trading Thursday after the company raised its full-year sales and profit forecasts. First-quarter comparable-store sales surged 17%, with total sales up 21% to $6.0 billion and net income rising to $650 million. Ross now expects 6% to 7% same-store sales growth for fiscal 2026, up from its previous 3% to 4% outlook. Rival TJX also raised its annual forecasts this week.