MW Long-term tariff predictions have proven too tough for these retailers. Now it's derailing their stocks.
By Bill Peters
Executives at Ross Stores and Deckers say they will not provide full-year guidance
As the corporate guessing game over President Donald Trump's tariffs continues, discount chain Ross Stores Inc. and Ugg and Hoka maker Deckers Outdoor Corp. on Thursday said they would not be offering financial forecasts for their full fiscal years.
Jim Conroy, Ross Stores' chief executive, said in the company's earnings release that it was pulling its previous full-year sales forecast.
"Heightened macroeconomic and geopolitical uncertainty persists, most notably prolonged inflation and evolving trade policies," he said. "While we directly import only a small portion of our merchandise, more than half of the goods we sell originate from China. As such, we expect pressure on our profitability if tariffs remain at elevated levels."
Deckers, which also makes Tevas, cited "macroeconomic uncertainty related to evolving global trade policies."
Both companies still offered forecasts for their current quarters.
Shares of Ross $(ROST)$ fell 11.3% after hours on Thursday. Deckers' stock $(DECK)$ fell 14.1%.
This is a developing story. Check back for updates.
-Bill Peters
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May 22, 2025 17:19 ET (21:19 GMT)
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