Ross Stores Inc. (ROST) Thursday lifted its earnings outlook for the full year. The company now expects full-year earnings of $4.65 to $4.75 per share, up from prior forecast of $4.20 to $4.38 per share. Analysts polled by Thomson Reuters currently estimate earnings of $4.51 per share for the year.
The company expects a comparable store sales gain of 12% to 13% for the full year.
Looking ahead, CEO Barbara Rentler said, "While we are encouraged by the ongoing strength of consumer demand, there remains significant uncertainty related to the worsening industry-wide supply chain congestion as we enter the important holiday season. As a result, and while we hope to do better, we are projecting fourth quarter comparable store sales gains of 7% to 9% and earnings per share in the range of $0.83 to $0.93."
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.