Ross Stores lifts FY26 GAAP EPS guidance, shares trade higher
Ross Stores shares are trading higher after the company reported better-than-expected Q2 financial results and raised FY26 GAAP EPS guidance above estimates, while also issuing Q3 and Q4 GAAP EPS guidance above estimates.
Story updates
11:54:18 AM UTC
SquawkNews
ROST Truist raised the firm's price target on Ross Stores to $310 from $290 and keeps a Buy rating on the shares. The company reported a solid Q2 earnings beat and provided an updated second-half outlook that came in ahead of consensus forecasts on the top and bottom lines, the analyst tells investors in a research note. Trends remain strong across merchandise categories and customer demographics while sequentially accelerating through the quarter, the firm added.
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