Ross Stores is set to drop its Q2 earnings this Thursday, riding a wave of momentum after last quarter’s stellar performance—$6.01 billion in revenue, up 20.6% YoY, and beating EPS and margin expectations. Analysts are projecting an 11.3% revenue jump this time, up from just 4.6% last year, with most sticking to their forecasts—a sign they believe the company’s on track. Though Ross has missed targets before, competitors like Dillard’s met estimates but saw stock plunge 11%. Retail stocks have edged up 1.9% in the past month, with Ross up 1.6%, trading below its $257.50 average price target. Investors will be watching closely to see if Ross can sustain its growth and keep delivering.
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