Shares of Ross Stores (ROST) are jumping in early trading. The discount retailer posted better-than-expected second quarter results and raised its fiscal-year guidance. In the earnings release, CEO Barbara Rentler says sales were higher than expected because "our stronger value offerings resonated with our customers."

Morning Brief anchors Seana Smith and Brad Smith discuss the results in the video above.

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This post was written by Stephanie Mikulich.