Ross Stores falls after withdrawing annual forecasts due to tariff worries
ReutersMay 22, 2025 8:58 PM
Shares of discount store operator Ross Stores ROST.O fall 11% to $136.5 after hours
ROST withdraws fiscal 2025 forecasts; says tariffs could take a toll on its profitability this year
"Heightened macroeconomic and geopolitical uncertainty persists, most notably prolonged inflation and evolving trade policies" — CEO Jim Conroy
More than half of the goods ROST sells originates from China, CEO adds
ROST expects Q2 earnings to be between $1.40 and $1.55 per share, including a cost impact of $0.11 to $0.16 per share from announced tariffs
Q1 sales rose to $4.98 billion, edging past estimates of $4.97 billion
ROST has risen 0.65% YTD
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