Updates
** Shares of discount store operator Ross Stores ROST.O slump as much as 14.4% to $130.40 in early trading
** Co withdrew its annual forecasts on Thursday after markets closed, warning of a hit from tariffs to its profitability this year
** Stock set for its worst day since May 2022
** Co expects Q2 EPS between $1.40 and $1.55 vs analysts' avg. estimate of $1.65 - data compiled by LSEG
** Over half of ROST's merchandise is sourced from China
** "We were surprised by management's ominous stance when discussing the remainder of 2025 as we expect Ross to comfortably withstand, and perhaps even benefit, from economic uncertainty" - Morningstar analyst Noah Rohr
** ROST beat Q1 sales and profit estimates on steady demand for cheaper clothing and accessories
** Peer Burlington Stores' BURL.O shares down 8% at $237.8
** Up to last close, ROST stock up 0.65% YTD
(Reporting by Anuja Bharat Mistry and Savyata Mishra in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com))
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