Ross Stores another Q1 off-price winner

• Ross Stores (NASDAQ:ROST) kept up the theme of off-price retail outperforming the broad sector with a 5% comp gain in Q1.
• Operating margin and merchandise margin both came in higher for the quarter off the sales leverage.
• Previously: Ross Stores beats by $0.05, beats on revenue
• Previously: What's working in retail is off-price (May 19)
• ROST +0.2% after hours