Ross Stores Raises FY23 EPS Guidance From $5.15-$5.26 To $5.30-$5.36; Revises Q4 Outlook From $1.58-$1.64 To $1.56-$1.62
Portfolio Pulse from Benzinga Newsdesk
Ross Stores has updated its fiscal year 2023 earnings per share (EPS) guidance, raising it from the previous range of $5.15-$5.26 to a new range of $5.30-$5.36. However, the company has revised its fourth-quarter outlook slightly downwards, from $1.58-$1.64 to $1.56-$1.62.

November 16, 2023 | 9:11 pm
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Ross Stores has increased its FY23 EPS guidance, indicating a positive outlook for the year, but has revised its Q4 earnings expectations slightly lower.
The increase in the FY23 EPS guidance suggests that Ross Stores is optimistic about its performance for the year, which could be seen as a positive signal by investors. However, the slight decrease in the Q4 outlook may temper short-term expectations. The mixed nature of this news is likely to result in a neutral short-term impact on the stock price, as the market digests both the positive and negative revisions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100