Ross Stores, Inc. (ROST) shares traded little changed on Friday after the off-price retailer delivered second-quarter earnings of $1.56 per share, surpassing analyst estimates of $1.53. Results were tempered by an approximate 11-cent per share negative impact from tariff-related costs.
Analyst Dana Telsey said tariff pressures on merchandise margin and earnings should ease in the third quarter and more in the fourth quarter, helped by vendor negotiations, sourcing shifts, and pricing actions. While second-quarter stabilization was positive, Telsey noted that third-quarter and fourth-quarter guidance shows ongoing volatility and challenges in the environment.
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