Ross Stores (ROST) has just confirmed its positive business momentum, beating estimates in the quarter and delivering solid comparable store growth. As the off-price retailer paves the way for top line growth through its stores expansion plan and continues to resonate with value-focused shoppers with a wide assortment at bargain prices, we believe the company remains well-positioned to thrive in this competitive retailer environment. Therefore, we believe it is worth holding shares of Ross Stores, despite the premium valuation compared to the apparel retail sector.
Q3 2019 Earnings Highlights
Revenue beat estimates by