What Caught Our Attention in the Investment World? – Week of May 16-20, 2022

By Kuldip K. Ambastha

Ross Stores, Inc. (ROST), an American chain (“Ross Dress for Less”) of discount department stores, had its stock price drop by -22.5% per share on Friday, May 20, 2022. 1Q2022 sales were down from the same figure released for 1Q2021. Inflationary pressures have resulted in customers spending less overall, including at Ross Stores. Full 2022 year forecasts for sales and profits have been cut. Wall Street was not pleased.

Keywords – Ross Stores, Inc., Ross Stores, Ross, Ross Dress for Less, ROST, discount, department, retail, store, sales, profits, 1Q2022, 1Q2021, 2022, Wall Street.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in ROST.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.




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