Ross Stores Surges on Sales Beat as Bargain Demand Holds Up
Ross Stores shares moved higher after the bell Thursday as the discount chain lifted its yearly sales and profit outlooks. The company said budget-conscious customers are still spending, even as household finances tighten. The stock rose 5.3% to $228.70 at 5:57 p.m. Eastern, recovering after a 0.3% loss to $217.19 at the close. Extended trading kicks in after the main U.S. session ends.