Ross Stores withdraws annual guidance due to inflation and trade policy concerns

Ross Stores announced first-quarter earnings per share of 1.47 dollars for the first quarter ended May 3, 2025, slightly up from 1.46 dollars in the same period last year, while net income decreased to 479 million dollars from 488 million dollars last year. Sales for the quarter reached 5 billion dollars, with comparable store sales remaining flat year-over-year.