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Smart Investors Should Buy the Dip in Ross Stores Stock

·4 min read
Smart Investors Should Buy the Dip in Ross Stores Stock
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Last week, Ross Stores (NASDAQ: ROST) posted another strong quarterly earnings report. In the first half of fiscal 2021, Ross Stores capitalized on strong pent-up consumer demand and the easing of the COVID-19 pandemic. Sales surged 20% compared to the first half of 2019 -- reaching $9.3 billion -- on a 14% increase in comparable store sales.