Ross Stores Stock Pops as Earnings Top Estimates Despite Inflation Slowing Sales

Key TakeawaysRoss Stores shares rose Friday morning as the company's third-quarter profits beat estimates despite sales falling short.CEO Barbara Rentler said the chain's customers "continue to face persistently high costs on necessities."Last month, the company announced that Boot Barn CEO James Conroy will take over as CEO once Rentler retires in February. Shares of Ross Stores (ROST) were up Friday morning as the discount retailer's earnings came in better than expected. The company reported $488.8 milli ...