Ross Stores Boosts Annual Sales & Profit Forecast on Strong Demand
ROST sits 86% above its 52-week low of $124.49.
Summary
Ross Stores significantly raised its annual comparable sales and profit forecast, citing resilient demand. The company now expects annual same-store sales to grow 6-7%, up from its previous 3-4% projection. Fiscal 2026 earnings per share guidance also increased to $7.50-$7.74, from $7.02-$7.36. This follows earlier news today forecasting robust Q2 same-store sales growth and builds on strong Q4 results reported in March, which included a $2.55 billion share buyback. The substantial upgrade to full-year guidance suggests stronger-than-anticipated business momentum and continued consumer strength in the value retail segment.
At the time of this announcement, ROST was trading at $231.75 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $70B. The 52-week trading range was $124.49 to $231.16. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.