Ross Stores Q3: Beating Expectations, Raising Guidance

Ross Stores Q3 earnings soar, beating expectations with a 10% sales increase and a 9.4% surge in customer traffic. The discount retailers success is attributed to its value-driven offerings, as consumers seek deals amidst inflation concerns. Ross raised full-year guidance, opened 40 new stores, and bought back $262M in stock, positioning itself for continued growth in the off-price retail sector.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.