Tiger Brokers

BUZZ-Ross Stores falls after withdrawing annual forecasts due to tariff worries

Reuters
May 23, 2025
BUZZ-Ross Stores falls after withdrawing annual forecasts due to tariff worries

** 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10