Ross Stores shares rally on upgraded earnings guidance

about 2 months ago

"Ross Stores, what do we got? Yeah, let's take a look at raw stars. Another share in the green. So that ticker rod shares are up more than 4.6% at the moment. We did also get their earnings. The discount retailer doing well. They upgraded their earnings per share forecast for the full year. So they're now looking at EPS of $6.38 to $646 um and previously lower than that range. They also improved their guidance that was in line with average estimates. Other analysts are also noting that they're showing really positive momentum heading into holidays, which is very crucial period for a lot of these retailers."

Ross Stores is experiencing a rally with shares up over 4.6%, bolstered by an upgrade in its full-year earnings per share forecast and improved guidance. The discount retailer is gaining positive momentum ahead of the holiday season, positioning it favorably in a competitive retail environment.

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