Ross stores withdraws q1 and 2020 sales and earnings guidance

Ross stores issues business update related to covid-19.ross stores inc - experienced a broad-based deceleration in sales trends over past week.ross stores inc - additional store closures are expected.ross stores inc - withdrawing its q1 and 2020 full year sales and earnings guidance issued on march 3, 2020.ross stores- temporarily suspending stock repurchase program and is drawing down $800 million under revolving credit facility to add to cash balances.ross stores - currently reducing its capital expenditure, expense plans as well as aligning inventory positions with current sales trends in business.
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