Ross Stores increases its financial outlook, resulting in a rise in its stock value.

Reported 6 months ago

Ross Stores reported better-than-expected first quarter earnings, with earnings per share of $1.46 compared to an estimate of $1.35, and revenue of $4.86 billion in line with expectations. The discount retailer also raised its full-year earnings forecast to $5.79 to $5.98 per share from $5.64 to $5.89. CEO Barbara Rentler mentioned ongoing economic uncertainty affecting customers' purchasing power. Stocks rose following the positive results.

Ross Stores increases its financial outlook, resulting in a rise in its stock value.

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