Ross Boosts Earnings Guidance for Year, Reiterates 4Q Comparable-Store Sales Outlook
November 21 2019 - 4:53PM
Dow Jones News
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.
Ross Stores (NASDAQ:ROST)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ross Stores (NASDAQ:ROST)
Historical Stock Chart
From Sep 2023 to Sep 2024