Ross’ Sales Growth View Beats As Off-Price Goods Win Consumers

Ross Stores Inc. forecast same-store sales growth for its upcoming fiscal year that topped analyst estimates as the off-price retailer continues to capitalize on affordability woes by selling luxury items for less.

The Dublin, California-based company forecast in a Tuesday statement that its same-store sales growth will be 3% to 4% for the year ending early 2027, the midpoint of which is ahead of analyst estimates of 3%. The company also reported record fourth-quarter sales of $6.64 billion, above expectations of $6.4 billion.