ROST Stock Recent News
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ROST continues to thrive with its value-driven off-price retail model, driving solid growth in sales and customer traffic.
In the most recent trading session, Ross Stores (ROST) closed at $151.56, indicating a -0.82% shift from the previous trading day.
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The discount retailer showed encouraging growth, especially with net income, in its second quarter. It also handily beat analyst estimates on both the top and bottom lines.
Ross Stores' (ROST) Q2 results highlight strong value propositions to customers, increased in-store traffic, higher sales, and reduced distribution and incentive costs.
Ross Stores (ROST) shares rose Friday, a day after the discount clothing retailer raised its full-year profit outlook but acknowledged a challenging consumer spending environment.
Unsurprisingly, off-price retailers like Ross Stores NASDAQ: ROST and TJX Companies NYSE: TJX outperform. The off-price retail segment is well-positioned after years of economic turmoil, including supply chain logjams, high inflation, high interest rates, and the ensuing inventory bloat seen among apparel manufacturers and major retailers.
Ross Stores stock popped early Friday after its earnings late Thursday. Shares eyed a jump above a buy point on the move.