News / Business
(NASDAQ:ROST) Raises Guidance, Shares Up
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Ross Stores, Inc. (NASDAQ:ROST) surged 1.20% to $39.56 after it said Thursday that its October sales at stores open at least one year rose 9%. Analysts, on average, had expected same-store sales to rise 7.3%, according to Thomson Reuters. Sales for the four weeks ended Oct. 31 rose 14% to $557 million. The retailer also raised its third-quarter profit forecast to a range of 83 cents to 84 cents a share from its prior view of 75 cents to 77 cents a share.
Ross Stores, Inc. operates two chains of off-price retail apparel and home accessories stores. As of January 31, 2009, the Company operated a total of 956 stores, of which 904 were Ross Dress for Less (Ross) locations in 27 states and Guam and 52 were dd’s DISCOUNTS stores in four states.
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