Overview
- Third‑quarter EPS was $1.58 on revenue of $5.6 billion, beating estimates as comparable sales rose 7% and total sales increased 10%.
- Ross raised fourth‑quarter guidance to $1.77–$1.85 EPS and now expects holiday same‑store sales growth of 3%–4%.
- Full‑year GAAP EPS outlook increased to $6.38–$6.46 from $6.08–$6.21 previously.
- Shares jumped roughly 7%–8% Friday to all‑time highs following the results and outlook upgrade.
- Multiple firms boosted price targets, including BofA and JPMorgan to $200, Evercore ISI to $195, and Barclays to $183, as management cited a resonant brand‑name assortment and a new marketing campaign; Placer.ai estimated Q3 visits up about 9% and Ross opened 40 stores across 17 states in September and October.