Ross Stores falls after withdrawing annual forecasts due to tariff worries

Ross Stores

22/05/2025 21:58

** 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

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))