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Barchart
Barchart
Justin Estes

Ross Stores Stock Had Its Best Week Ever. Here's Why.

Ross Ross Stores Jim Conroy Target HomeGoods TJ Maxx

At a glance:

  • Ross Stores beat Q3 earnings expectations with $1.58 per share (vs. $1.42 expected) and 10% sales growth while tech stocks crashed
  • Foot traffic surged 9.4% as consumers hunt for deals amid weakening sentiment and inflation concerns
  • The company raised full-year guidance, announced 40 new store openings, and bought back $262 million in stock
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