Ross Stores Forecasts Robust 6-7% Q2 Same-Store Sales Growth
ROST sits 81% above its 52-week low of $124.49.
Summary
Ross Stores announced guidance for its second quarter, projecting a strong 6-7% increase in same-store sales. This positive outlook follows the company's robust fourth-quarter earnings report in March, which included a significant beat on EPS and a new $2.55 billion share buyback program. The anticipated growth in a key retail metric like same-store sales indicates continued operational strength and could reinforce investor confidence, especially with the stock trading near its 52-week high.
At the time of this announcement, ROST was trading at $225.00 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: Dow Jones Newswires.