By Allison Prang 
 

Ross Stores Inc. (ROST) reiterated its comparable-store sales guidance for the fourth quarter but boosted its earnings guidance for the fiscal year.

Ross still expects comparable-store sales to rise between 1% and 2% this quarter, Chief Executive Barbara Rentler said in prepared remarks.

Ms. Rentler said Ross is "up against multiple years of strong comparable-store sales gains," and anticipates "another fiercely competitive retail landscape, along with ongoing uncertainty surrounding the macro-economic and political environment."

Ross increased its earnings expectations for the year. Ms. Rentler said Ross expects earnings for the fiscal year to be between $4.52 a share and $4.57 a share. The company was previously expecting between $4.41 a share and $4.50 a share.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

November 21, 2019 16:38 ET (21:38 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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