Ross Stores sets tariff-impaired Q2 guidance, pulls FY25 outlook

3 hours ago 1
General view of the entrance and facade of a Ross Dress For Less, an American chain of discount department stores, in Coeur d"Alene, Idaho, USA

Kirk Fisher

Ross Stores reported a top-line beat in the first quarter but warned that tariffs will likely shave 11 to 16 cents off second quarter profits, spooking investors and sending shares sharply lower in Thursday’s after-hours trading.

“Heightened macroeconomic and geopolitical uncertainty

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