Ross Stores Gives Rosy Sales View as Shoppers Gravitate to Deals

Discount-retailer Ross Stores Inc. jumped after projecting inflation will push more consumers to seek its off-price wares and deliver sales growth above expectations.

Same-store-sales will grow 2% to 3% a quarter for the next two quarters, Ross said in a statement Thursday. Analysts had expected 2.3% on average next quarter, and the high end of the range would be its largest expansion since the start of the year, based on data compiled by Bloomberg.