Shares of Ross Stores, Inc. (ROST) gained over 6% on Wednesday morning after the company reported an increase in fourth-quarter profit and revenues. The company also issued an upbeat outlook for the first quarter and full year 2026.
The stock is currently trading at $210.08, up $12.44 or 6.29%, on the Nasdaq. It opened at $215.33 after closing the previous session at $197.64. The stock has traded between $122.36 and $216.80 over the past 52 weeks.
Ross Stores reported fourth-quarter net income of $645.87 million or $2.00 per share, compared with $586.78 million or $1.79 per share in the same period last year. Revenue increased to $6.635 billion from $5.912 billion a year earlier.
Looking ahead, the company expects next-quarter earnings of $1.60 to $1.67 per share, while fiscal 2026 earnings are projected in the range of $7.02 to $7.36 per share.
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