Ross Stores Q1 EPS rises to $1.47; withdraws annual guidance, gives Q2 outlook
Ross Stores reported first-quarter fiscal 2025 diluted earnings per share of $1.47, up from $1.46, on sales of $5.0 billion, though net income fell to $479 million from $488 million and comparable store sales were flat. The company withdrew its annual sales and earnings guidance, citing tariff and macroeconomic uncertainty, and projected second-quarter EPS of $1.40 to $1.55 versus $1.59 a year earlier. Shareholders no longer have a full-year outlook, and the company said it expects profitability pressure if tariffs stay at elevated levels.
- Q1 diluted EPS $1.47 vs $1.46 a year earlier; net income $479 million vs $488 million; sales $5.0 billion; comparable store sales flat
- Annual sales and earnings guidance withdrawn; outlook provided for the 13 weeks ending August 2, 2025 only
- Q2 comparable store sales projected flat to up 3%; Q2 EPS projected $1.40 to $1.55, including a $0.11 to $0.16 per share tariff cost impact
- Repurchased $263 million of stock in Q1 under a $2.1 billion authorization; still on track to buy back $1.05 billion in fiscal 2025