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Ross Stores Delivers Strong Earnings but Weak Guidance

·4-min read
Ross Stores Delivers Strong Earnings but Weak Guidance
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Last Thursday, Ross Stores (NASDAQ: ROST) followed top rival TJX Companies (NYSE: TJX) by reporting strong results for the second quarter. In the first quarter, Ross Stores' comparable store sales jumped 13% compared to the first quarter of fiscal 2019, sailing well past management's guidance for a 1% to 5% decrease in comparable sales.

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