From Investing.com: 2024-11-21 19:01:02

Off-price retailer Ross Stores raised its annual profit forecast due to lower costs, sending shares up 8%. The company aims to appeal to cautious lower-income customers with a wider product assortment. While fourth-quarter profit forecast was lowered, comparable sales growth target remains at 2-3% to attract budget-conscious consumers. Competitors like TJX Cos and Walmart also raised profit forecasts, but Target’s holiday-quarter forecast fell short of expectations. Ross Stores expects fourth-quarter earnings per share below estimates.



Read more at Investing.com: Ross Stores lifts annual profit forecast on lower costs, shares rise By Reuters