On May 22, Ross Stores rose 5.07% overnight, trading at $228.2/share, with trading volume of $4,108.0.

The surge was driven by the company reporting first-quarter results that substantially exceeded market expectations. Ross Stores posted earnings per share of $2.02, beating the analyst consensus estimate of $1.68 by 20.24%, representing a 37.41% year-over-year increase from $1.47. Quarterly sales reached $6.01 billion, significantly surpassing the expected $5.567 billion.

Notably, the company also raised its full-year guidance, projecting comparable store sales growth of 6% to 7%, up from the prior forecast of 3% to 4%. Full-year EPS expectations were lifted to $7.50 to $7.74. For the second quarter, EPS guidance of $1.85 to $1.93 also came in above the market estimate of $1.80, further signaling management confidence in sustained demand resilience across its off-price retail brands Ross Dress for Less and dd's DISCOUNTS.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)