Ross Stores stock falls as discount chain warns of slowing trends this year

Group 1 - Ross Stores Inc. shares declined after hours due to forecasts of weaker same-store sales for the year, attributed to recent slowing trends and adverse weather conditions [1] - The company anticipates same-store sales to range from a decline of 1% to an increase of 2%, which is below FactSet's expectation of a 3% gain [2] - Earnings per share are projected to be between $5.95 and$6.55, compared to FactSet's forecast of $6.67 [2]