The off-price retailer raised its full-year profit guidance following stronger-than-expected demand for discounted apparel.
Ross Stores increased its annual profit forecast for the second time, citing sustained consumer demand for discounted apparel. The company did not provide specific figures in its update.
Further details on the revised outlook were not immediately available.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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