Ross Stores lifts profit view, Q2 results beat estimates on steady demand
(Reuters) – Ross Stores on Thursday raised its fiscal 2024 profit forecast and posted second-quarter results above Wall Street estimates, benefiting from demand for its discounted apparel and easing freight costs. Its shares rose nearly 6% to $162 in extended trading, after the company also beat second-quarter estimates. Its results align with trends at off-price peer TJX Cos and larger retailers Walmart and Target, which have shown that consumers across income categories are searching for … Read more…