Ross Stores rises on annual profit forecast lift

Shares were up about 27% year to date, as of the last close.

Ross now sees annual earnings per share in the range of $8.61 to $8.77, compared with its previous outlook of $7.50 to $7.74, including a 60-cent benefit from tariff refund.

The company also forecast 6% to 7% growth in comparable store sales in the third quarter and 4% to 5% in the fourth quarter, compared with analysts' expectations of a 3.1% and 2.6% rise, respectively.

Shares of discount apparel retailer Ross Stores ROST.O were up about 8% at $246.84 in extended trading.

The company raised its annual profit forecast after reporting better-than-expected second-quarter results on resilient demand for discounted apparel and accessories.