From Yahoo Finance: 2025-05-24 06:14:00

Ross Stores Inc. (NASDAQ:ROST) plunged 9.85% on Friday to $137.26, citing a negative business outlook and withdrawal of growth targets. CEO Jim Conroy attributes this to over half of their merchandise originating from China, leading to a revised Q2 guidance of flat to 3% same-store sales growth and EPS of $1.40-$1.55.

In Q1, Ross Stores Inc. (NASDAQ:ROST) saw a 1.8% drop in net income to $479 million, while revenues rose 2.6% to $4.984 billion. Despite ranking 7th in Friday’s worst-performing stocks, focus shifts to AI stocks with more potential as ROST faces uncertainties. Looking for AI stocks with 100x upside potential? Check out our report.



Read more at Yahoo Finance: Why Ross Stores Inc. (ROST) Crashed On Friday