Ross Stores jumps after raising full-year profit guidance

Ross Stores shares jumped ~9% premarket after raising full-year guidance and projecting quarterly sales growth above analyst expectations, indicating resilient bargain-hunting demand. The update suggests investors are leaning risk-on despite a “shaky” macro backdrop, supporting continued outperformance versus Street estimates.

Analysis

Ross Stores shares jumped ~9% premarket after raising full-year guidance and projecting quarterly sales growth above analyst expectations, indicating resilient bargain-hunting demand. The update suggests investors are leaning risk-on despite a “shaky” macro backdrop, supporting continued outperformance versus Street estimates.