Ross Stores, Inc. (ROST) saw an 8.41% increase in stock price on Friday, closing at $174 per share. The company reported a 4.7% growth in net income to $511.9 million and a 10% increase in sales to $5.6 billion, with comparable store sales up 7%.

CEO Jim Conroy credited Ross Stores’ strong third-quarter sales to a compelling merchandise assortment and new marketing campaign. The company raised its full-year comparable sales outlook to 3-4% and EPS guidance to $1.77-$1.85, anticipating minimal tariff-related costs in the fourth quarter.

Ross Stores, Inc. (ROST) expects full-year EPS to range from $6.38 to $6.46, including a $0.16 per share negative impact from tariff-related costs. While ROST presents investment potential, some believe AI stocks could offer better returns. A report on the best short-term AI stock is available for those interested.

Read more at Yahoo Finance: Ross (ROST) Gains 8% on Earnings Blowout, Upbeat Outlook