Core Insights - Ross Stores Inc. reported better-than-expected third-quarter results, leading to a 5% increase in share price intra-day [1] - The company raised its full-year outlook, supported by strong comparable sales and disciplined cost control ahead of the holiday season [1] Financial Performance - Earnings per share (EPS) for the quarter were $1.58, exceeding analyst expectations of $1.41 and up from $1.48 a year earlier [2] - Revenue increased by 10% year-over-year to $5.6 billion, surpassing the consensus estimate of $5.42 billion, driven by a 7% rise in comparable store sales [2] - Operating margin expanded to 11.6%, aided by revenue strength and tighter expense management, despite a $0.05 per share negative impact from tariff-related costs [2] - Net income rose to $512 million, compared to $489 million in the previous year [2] Store Expansion and Share Buyback - The company ended the quarter with 2,273 stores, an increase from 2,192 stores last year [3] - Ross repurchased 1.7 million shares for $262 million during the quarter and is on track to complete a $2.1 billion buyback program by year-end [3] Future Outlook - For the fourth quarter, Ross projected EPS of $1.77–$1.85, above analyst expectations at the midpoint [4] - The company raised its holiday comparable sales outlook to 3%–4% [4] - Full-year EPS is now expected to range between $6.38 and $6.46, compared to $6.32 last year, despite a projected $0.16 per share tariff impact [4]

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Core Viewpoint - The article highlights the onset of the holiday shopping season as Thanksgiving approaches, indicating a significant time for consumer spending and retail activity [1] Group 1 - The article suggests that the upcoming Thanksgiving holiday is a trigger for consumers to start their holiday shopping [1]

Market Overview - The U.S. stock market experienced a notable rebound on November 21, 2025, with major indexes posting significant gains, driven by optimism regarding potential interest rate cuts by the Federal Reserve [1][3] - The Dow Jones Industrial Average (DJIA) rose 1.6% (700 points), the S&P 500 (SPX) gained 1.5%, and the Nasdaq Composite (COMP:IND) increased by 1.5%, although all three indexes were still expected to end the week in negative territory [2] Federal Reserve Influence - Remarks from New York Federal Reserve President John Williams indicated support for an additional rate cut "in the near term," boosting investor confidence and increasing the probability of a December rate cut to 73.1% from 39.1% [3] Sector Performance - The technology sector showed mixed performance, with Nvidia (NVDA) reporting a 62% increase in sales and a 67% surge in EPS, yet its shares fluctuated, reflecting ongoing concerns about AI valuations [4] - The retail sector performed strongly, with Ross Stores (ROST) shares rising 7% to an all-time high, and Gap (GAP) shares increasing by 8% due to better-than-expected results [5] - Intuit (INTU) shares surged 6% following strong quarterly results, while Walmart (WMT) shares declined by approximately 2% despite a previous jump on strong earnings [5] Commodity and Currency Markets - WTI crude futures fell nearly 2% to $57.95 per barrel, while gold futures rose 0.6% to $4,085 per ounce [6] - The U.S. dollar index increased to 100.25, and Bitcoin (BTC) continued its downward trend, hitting a nine-month low [6] Economic Outlook - The Federal Reserve's final interest-rate decision of 2025 is scheduled for December 9-10, with policymakers divided on inflation and labor market concerns [7] - Key economic reports, including delayed inflation and jobs data, are set for release in the coming weeks, which will provide insights into consumer behavior and inflation trends [8][10] Corporate Earnings - The third-quarter 2025 earnings season is concluding, with 82.6% of S&P 500 companies exceeding analyst expectations [11] - Genesco Inc. (GCO) is scheduled to report its third-quarter fiscal 2026 results on December 4, 2025 [11] International Developments - Tata Consultancy Services (TCS) announced a joint venture with TPG to invest ₹18,000 crore in AI infrastructure in India, indicating significant investments in the sector [12] - In Canada, Dye & Durham Ltd. shares rose over 20% following a takeover proposal from Plantro Ltd. [12]

Core Insights - Ross Stores, Inc. is a leading player in the off-price retail sector, focusing on providing discounted apparel and accessories to value-conscious consumers [1] - The company has a loyal customer base and competes with other off-price retailers like TJX Companies and Burlington Stores [1] Financial Performance - Ross Stores has raised its annual profit forecast due to strong demand for discounted products, particularly with the holiday season approaching [3] - The company reported a 7% increase in same-store sales, exceeding Wall Street's expectations of 3.9% growth [3][6] - In the third quarter, Ross Stores reported earnings of $1.58 per share, surpassing the analyst estimate of $1.41 per share [4][6] - Quarterly revenue reached $5.6 billion, outperforming the analyst consensus estimate of $5.42 billion [4][6] Stock Performance - Telsey Advisory updated its rating for Ross Stores to "Market Perform" and raised the price target from $160 to $175, indicating a positive outlook [2][6] - The stock has shown resilience, trading between $160.34 and $164.23, with a market capitalization of approximately $52.2 billion [5]

Core Insights - Major U.S. equities indexes experienced gains, driven by comments from a Federal Reserve official suggesting a potential interest rate cut in December [1] Company Performance - Ross Stores (ROST) emerged as the best-performing stock in the S&P 500, with shares increasing by 7% after surpassing earnings and revenue estimates, and raising its outlook due to strong customer demand [2] - Gap Inc. saw its shares rise by 8% following better-than-expected results and an optimistic guidance, attributed to robust demand across its brands [2] - Intuit (INTU) reported a 6% surge in shares, benefiting from strong quarterly results and increased demand for its artificial intelligence tools [3] - Veeva Systems (VEEV) experienced a decline of over 10% as it warned of reduced usage of its Vault CRM system by biopharmaceutical firms [4] Market Trends - Oil futures declined while gold prices increased, indicating a shift in commodity markets [4] - The yield on the 10-year Treasury note decreased to 4.08%, reflecting changes in investor sentiment [4] - The U.S. dollar showed mixed performance against major currencies, gaining against the euro but losing ground to the pound and yen [4]

Ross Stores, Inc. (NASDAQ:ROST) posted better-than-expected third-quarter earnings after Thursday’s closing bell.Ross Stores reported quarterly earnings of $1.58 per share, which beat the analyst estimate of $1.41. Quarterly revenue came in at $5.6 billion, which beat the analyst consensus estimate of $5.42 billion."We are pleased with our third-quarter sales results, which accelerated from the prior quarter. Our merchandise assortment of compelling brand name values resonated with shoppers, and our new mar ...

Core Insights - Ross Stores, Inc. reported third-quarter earnings of $1.58 per share, exceeding the analyst estimate of $1.41, with quarterly revenue of $5.6 billion, surpassing the consensus estimate of $5.42 billion [1][2] Group 1: Earnings Performance - The company experienced an acceleration in sales compared to the prior quarter, driven by a compelling merchandise assortment and a new marketing campaign that increased customer engagement [2] - Ross Stores raised its fourth-quarter GAAP EPS guidance to a range of $1.77 to $1.85, above the analyst estimate of $1.79, and increased its fiscal 2025 GAAP EPS guidance to between $6.38 and $6.46, compared to the $6.23 analyst estimate [2] Group 2: Stock Performance - Following the earnings announcement, Ross Stores shares rose by 7.2% to $172.03 [3] Group 3: Analyst Ratings and Price Targets - Telsey Advisory Group maintained a Market Perform rating and raised the price target from $160 to $175 [5] - B of A Securities maintained a Buy rating and increased the price target from $175 to $200 [5] - Baird maintained an Outperform rating and raised the price target from $170 to $182 [5] - Evercore ISI Group maintained an Outperform rating and increased the price target from $175 to $195 [5] - JP Morgan maintained an Overweight rating and raised the price target from $188 to $200 [5] - UBS maintained a Neutral rating and increased the price target from $163 to $169 [5] - Bernstein maintained a Market Perform rating and raised the price target from $147 to $159 [5] - Barclays maintained an Overweight rating and increased the price target from $164 to $183 [5]

INVESTING RESOURCES Take a Trial Today Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! IBD Videos BREAKING: Stocks Bounce But Tumble For Week Shares of Ross Stores (ROST) rallied to an all-time high Friday, rising past a buy point, after the retailer beat earnings and sales expectations and raised its fiscal-year outlook amid momentum in the discount chain. The company late Thursday reported earnings of $1.58 a share, a year-o ...

Core Insights - Ross Stores (ROST) shares reached an all-time high, increasing nearly 8% to over $173, driven by strong sales as consumers seek bargains [1][6] - The company reported third-quarter earnings per share of $1.58, exceeding analyst expectations by 18 cents, with revenue rising 10.4% year-over-year to $5.6 billion [1][3] - Comparable store sales increased by 7%, indicating robust consumer demand [1] Company Performance - CEO Jim Conroy highlighted an "excellent" back-to-school season, attributing success to appealing brand name values and strong growth across major merchandise categories [2][3] - The company is optimistic about the upcoming holiday season, raising its fourth-quarter comparable store sales forecast to 3% to 4% growth, with expected earnings per share between $1.77 and $1.85 [3] - Full-year earnings per share are now projected to be between $6.38 and $6.46, an increase from the previous estimate of $6.08 to $6.21 [3] Industry Context - Ross Stores is part of a broader trend among off-price retailers benefiting from consumers' shift towards value-seeking behavior, as evidenced by similar strong results from competitors like TJX [2][4] - The overall retail environment is showing momentum as value-conscious shoppers drive sales, particularly in the lead-up to the holiday shopping season [6]