neutral
Ross Stores Benefits from Strong Back-to-School Demand in Q3
Ross Stores reported Q3 earnings that exceeded market expectations, with EPS of $1.58 compared to the forecasted $1.41. Revenue hit $5.6 billion, surpassing projected estimates of $5.42 billion. The company credited strong back-to-school and apparel demand for the upbeat performance. Shares gained about 2% following the announcement as investors viewed the results as a sign of resilient consumer spending.
Companies:
- Ross Stores
Tags:
- stocks
- retail
CNBC• By Ayush Samantaray
Explore:High Return Equity Mutual Fund
neutral
Ross Stores Benefits from Strong Back-to-School Demand in Q3
Ross Stores reported Q3 earnings that exceeded market expectations, with EPS of $1.58 compared to the forecasted $1.41. Revenue hit $5.6 billion, surpassing projected estimates of $5.42 billion. The company credited strong back-to-school and apparel demand for the upbeat performance. Shares gained about 2% following the announcement as investors viewed the results as a sign of resilient consumer spending.
Companies:
- Ross Stores
Tags:
- stocks
- retail
CNBC• By Ayush Samantaray
Explore:High Return Equity Mutual Fund
Breaking
neutral
Ross Stores Benefits from Strong Back-to-School Demand in Q3
1 min read
59 words
Ross Stores posted better-than-expected Q3 results, supported by strong apparel demand and efficient inventory management that lifted EPS and revenue above analyst expectations.
Ross Stores reported Q3 earnings that exceeded market expectations, with EPS of $1.58 compared to the forecasted $1.41. Revenue hit $5.6 billion, surpassing projected estimates of $5.42 billion. The company credited strong back-to-school and apparel demand for the upbeat performance. Shares gained about 2% following the announcement as investors viewed the results as a sign of resilient consumer spending.
Ross Stores reported Q3 earnings that exceeded market expectations, with EPS of $1.58 compared to the forecasted $1.41. Revenue hit $5.6 billion, surpassing projected estimates of $5.42 billion. The company credited strong back-to-school and apparel demand for the upbeat performance. Shares gained about 2% following the announcement as investors viewed the results as a sign of resilient consumer spending.
Companies:
- Ross Stores
Tags:
- stocks
- retail
- stocks
- retail
- earnings
- ross stores