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flag Ross Stores beats Q1 earnings but withdraws 2026 forecasts, causing stock to plummet.

flag Ross Stores reported a strong first quarter, with earnings of $1.47 per share and revenue of $4.99 billion, both exceeding estimates. flag However, the company unexpectedly withdrew its fiscal 2026 revenue and earnings forecasts, leading to a significant drop in its stock price. flag Despite the earnings beat, same-store sales were flat compared to last year, and the company's outlook for the next quarter was below analyst expectations.

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