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Ross Stores: Weak Outlook Emphasized over Strong Q1 Results

Ross Stores: Weak Outlook Emphasized over Strong Q1 Results

The stock price of off-price retailer Ross Stores (ROST) declined 6.8% on May 25, as investors were displeased with the company’s lower-than-expected earnings outlook. Ross Stores announced its results for the fiscal first quarter after the market closed on May 24.