Ross Stores rises on annual profit forecast lift
20/08/2026 23:07
BUZZ-Ross Stores rises on annual profit forecast lift ** Shares of discount apparel retailer Ross Stores ROST.O up ~8% at $246.84 in extended trading
** Co raises annual profit forecast after reporting better-than-expected second-quarter results on resilient demand for discounted apparel and accessories
** Sees annual earnings per share in the range of $8.61 to $8.77, compared with its previous outlook of $7.50 to $7.74, including a 60-cent benefit from tariff refund
** Forecasts 6% to 7% growth in comparable store sales in Q3 and 4% to 5% in Q4, compared with analysts' expectations of a 3.1% and 2.6% rise, respectively
** Shares up ~27% YTD, as of the last close
(Reporting by Neil J Kanatt in Bengaluru)
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