04:32 PM EDT, 05/22/2025 (MT Newswires) -- Ross Stores ( ROST ) reported fiscal Q1 earnings late Thursday of $1.47 per diluted share, up from $1.46 a year earlier.

Analysts polled by FactSet expected $1.44.

Sales for the quarter ended May 3 were $4.98 billion, up from $4.86 billion a year earlier.

Analysts surveyed by FactSet expected $4.96 billion.

Ross Stores ( ROST ) said it expects fiscal Q2 EPS of between $1.40 and $1.55. Analysts polled by FactSet are looking for EPS of $1.65.

The company warned that elevated tariffs could pressure profitability, noting that over half its merchandise originates from China despite limited direct imports. Citing ongoing macroeconomic uncertainty and shifting trade policies, the company said it is withdrawing its previously provided full-year sales and earnings guidance.

Shares of Ross Stores ( ROST ) were down nearly 9% in after-hours activity.