ROSS STORES, INC.

10-K & 10-Q Filings

Ross Stores, Inc. is a retail company that operates two brands of off-price retail stores: Ross Dress for Less and dd's DISCOUNTS. Ross is the largest off-price apparel and home fashion chain in the United States, with 1,764 locations, and dd's DISCOUNTS has 345 stores. The company's mission is to offer competitive values to customers by focusing on maintaining an appropriate level of recognizable brands, meeting customer needs on a local basis, delivering an in-store shopping experience, and managing real estate growth. Merchandise is purchased through various methods, including packaway merchandise, which accounts for approximately 40% of total inventories. The company's stores are located predominantly in community and neighborhood shopping centers and are designed to be organized and easy to shop. Ross and dd's DISCOUNTS have separate buying organizations, with over 900 merchants combined. The company invests in new information systems and technology to support growth and operates distribution processing facilities and warehouses. Ross uses a variety of marketing and advertising media to communicate its value proposition to customers. The principal trademarks of the company are ROSS, Ross Dress For Less, and dd’s DISCOUNTS. The executive officers of the company include Michael Balmuth, Barbara Rentler, Michael Hartshorn, Michael Kobayashi, Karen Fleming, and Stephen Brinkley, among others. The company's website is www.rossstores.com, and its ticker symbol is ROST.

12 mos ending Jan 28, 201212 mos ending Feb 02, 201312 mos ending Feb 01, 201412 mos ending Jan 31, 201512 mos ending Jan 30, 201612 mos ending Jan 28, 201712 mos ending Feb 03, 201812 mos ending Feb 02, 201912 mos ending Feb 01, 202012 mos ending Jan 30, 202112 mos ending Jan 29, 202212 mos ending Jan 28, 202312 mos ending Feb 03, 2024CAGR %YoY %Revenue (+)
$8608.29
9721.07
10230.60
11038.69
11927.39
12850.27
14127.06
14993.70
16057.18
12448.15
18841.92
18692.99
20541.06
7.52%9.89%Cost of Revenue (-)
$6240.76
7011.43
7360.92
7937.96
8576.87
9173.70
10042.64
10726.28
11536.19
9838.57
13708.91
13946.23
14801.60
7.46%6.13%Gross Profit (+)
$2367.53
2709.64
2869.68
3100.74
3350.51
3676.56
4084.42
4267.43
4520.99
2609.58
5133.01
4746.76
5739.46
7.66%20.91%Selling, General & Administrative (-)
$1304.07
1437.89
1526.37
1615.37
1738.76
1890.41
2043.70
2216.55
2356.70
2503.28
2874.47
2759.27
3267.68
7.96%18.43%Operating Expenses (-)
$1304.07
1437.89
1526.37
1615.37
1738.76
1890.41
2043.70
2216.55
2356.70
2503.28
2874.47
2759.27
3267.68
7.96%18.43%Costs & Expenses (Total) (-)
$7555.15
8456.22
8887.04
9556.31
10328.24
11080.60
12094.01
12932.67
13874.78
12425.27
16657.70
16708.34
17905.16
7.46%7.16%Operating Income/Loss (+)
$1053.14
1264.84
1343.56
1482.38
1599.15
1769.67
2033.04
2061.04
2182.39
22.88
2184.21
1984.65
2635.90
7.95%32.81%Earnings before Tax (+)
$1053.14
1264.84
1343.31
1485.37
1611.76
1786.16
2040.72
2050.88
2164.29
106.30
2258.54
1987.49
2471.78
7.37%24.37%Tax Expense (-)
$395.97
478.08
506.01
560.64
591.10
668.50
677.97
463.42
503.36
20.91
535.95
475.45
597.26
3.48%25.62%Income/Loss (Continuing Operations) (+)
$657.17
786.76
837.30
924.72
1020.66
1117.65
1362.75
1587.46
1660.93
85.38
1722.59
1512.04
1874.52
9.13%23.97%Net Income/Loss (+)
$657.17
786.76
837.30
924.72
1020.66
1117.65
1362.75
1587.46
1660.93
85.38
1722.59
1512.04
1874.52
9.13%23.97%Net Income/Loss (Common) (+)
$657.17
786.76
837.30
924.72
1020.66
1117.65
1362.75
1587.46
1660.93
85.38
1722.59
1512.04
1874.52
9.13%23.97%EPS (Basic)
$2.91
3.59
3.93
4.47
2.53
2.85
3.58
4.30
4.63
0.24
4.90
4.40
5.59
5.59%27.05%EPS (Diluted)
$2.86
3.53
3.88
4.42
2.51
2.83
3.55
4.26
4.60
0.24
4.87
4.38
5.56
5.70%26.94%Weighted Avg Shares (Basic)
225.91
219.13
212.88
206.78
403.03
392.12
381.17
369.53
358.46
352.39
351.50
343.45
335.19
3.34%-2.41%Weighted Avg Shares (Diluted)
229.98
222.78
215.81
209.04
406.40
394.96
384.33
372.68
361.18
354.62
353.73
345.22
337.43
3.25%-2.26%Cash
$649.84
646.76
423.17
696.61
761.60
1111.60
1290.29
1412.90
1351.20
4819.29
4922.36
4551.88
4872.45
18.28%7.04%Short-term Investments
$0.66
1.09
12.01
0.50
1.74
0.51
Receivables
$50.85
59.62
62.61
73.28
73.63
75.15
87.87
96.71
102.24
115.07
119.25
145.69
130.77
8.19%-10.25%Inventory
$1130.07
1209.24
1257.15
1372.67
1419.10
1512.89
1641.73
1750.44
1832.34
1508.98
2262.27
2023.49
2192.22
5.68%8.34%Other Assets (Current)
$92.96
114.72
112.22
119.73
116.13
113.41
130.75
143.95
147.05
249.15
169.29
183.65
202.71
6.71%10.37%Assets (Current)
$1924.37
2031.43
1867.16
2262.79
2372.20
2813.05
3151.16
3404.02
3432.83
6692.49
7473.18
6904.72
7398.14
11.88%7.15%Securities & Long-term Investments
$5.60
4.37
3.71
3.11
1.33
1.29
0.71
0.13
Property, Plant & Equipment (Net)
$1241.72
1493.28
1875.30
2273.75
2342.91
2328.05
2382.46
2475.20
2653.44
2710.50
2898.53
3181.53
3531.90
9.10%11.01%Accumulated Depreciation
$1294.14
1422.33
1606.26
1760.35
1997.00
2263.21
2525.72
2781.51
3048.10
3373.97
3674.50
4028.18
4380.71
10.70%8.75%Other Assets
$20.99
57.17
91.76
76.80
152.69
166.97
187.72
194.35
208.32
230.06
241.28
232.08
243.23
22.65%4.80%Assets (Non-current)
$1376.84
1639.13
2029.64
2440.34
2496.92
2496.30
2570.89
2669.67
5915.54
6025.38
6167.08
6511.74
6901.97
14.38%5.99%Assets (Total)
$3301.21
3670.56
3896.80
4703.13
4869.12
5309.35
5722.05
6073.69
9348.37
12717.87
13640.26
13416.46
14300.11
12.99%6.59%Accounts Payable
$1346.05
1422.58
1393.06
1659.37
1602.85
1752.51
1841.43
2009.48
2137.45
3304.00
3584.41
2980.27
3252.46
7.63%9.13%Debt (Current)
$
84.97
564.48
64.91
249.71
Other Liabilities (Current)
$
598.12
630.52
655.98
683.63
4.21%Liabilities (Current)
$1346.05
1422.58
1393.06
1659.37
1602.85
1752.51
1926.40
2009.48
2701.93
3967.03
4214.93
3636.25
4185.80
9.92%15.11%Debt (Non-current)
$150.00
150.00
150.00
398.38
396.02
396.49
311.99
312.44
2923.42
2448.18
2452.32
2456.51
2211.02
25.13%-9.99%Other Liabilities
$312.14
331.12
346.44
366.18
398.26
412.33
434.35
446.02
363.77
3012.02
2912.95
3035.12
3031.97
20.86%-0.10%Liabilities (Non-current)
$462.14
481.12
496.44
764.56
794.28
808.83
746.34
758.46
3287.18
5460.19
5365.28
5491.63
5242.99
22.43%-4.53%Liabilities (Total)
$1808.20
1903.70
1889.50
2423.92
2397.13
2561.33
2672.74
2767.94
5989.12
9427.23
9580.21
9127.88
9428.78
14.75%3.30%Treasury Stock
$62.26
91.71
121.56
160.60
229.53
272.85
318.28
372.66
433.33
478.55
535.89
584.75
633.32
21.32%8.31%Retained Earnings
$763.48
989.26
1190.75
1421.72
1574.98
1801.14
2071.40
2298.76
2330.70
2185.80
2874.90
3049.66
3548.67
13.66%16.36%AOCI
$0.64
0.58
0.39
0.33
0.18
0.09
0.03
Shareholder's Equity
$1493.01
1766.86
2007.30
2279.21
2471.99
2748.02
3049.31
3305.75
3359.25
3290.64
4060.05
4288.58
4871.33
10.36%13.59%Liabilities & Equity
$3301.21
3670.56
3896.80
4703.13
4869.12
5309.35
5722.05
6073.69
9348.37
12717.87
13640.26
13416.46
14300.11
12.99%6.59%Net Income/Loss
$657.17
786.76
837.30
924.72
1020.66
1117.65
1362.75
1587.46
1660.93
85.38
1722.59
1512.04
1874.52
9.13%23.97%Depreciation & Amortization
$159.89
185.49
206.11
232.96
274.83
302.51
313.16
330.36
350.89
364.25
360.66
394.65
419.43
8.37%6.28%Increase/Decrease in Working Capital
$59.94
3.42
53.76
-136.75
96.61
-72.83
40.82
-21.50
-32.28
-1482.60
494.40
418.68
-95.87
-122.90%Share-based Compensation
$40.40
48.95
46.85
53.00
70.94
74.55
87.42
95.58
95.44
101.57
134.22
121.94
145.49
11.27%19.32%Adjustments to Reconcile Net Income
$162.94
192.88
184.70
448.14
305.59
441.20
318.53
479.22
510.62
2160.55
16.26
177.33
639.97
12.08%260.89%Net Cash (Operating)
$820.11
979.64
1022.00
1372.87
1326.25
1558.85
1681.28
2066.68
2171.55
2245.93
1738.85
1689.37
2514.49
9.79%48.84%Capital Expenditure
$416.27
424.43
550.51
646.69
366.96
297.88
355.44
413.90
555.48
405.43
557.84
654.07
762.81
5.18%16.63%Net Cash (Investing)
$-471.77
-425.72
-563.81
-639.00
-362.51
-292.76
-353.09
-410.41
-554.97
-405.43
-557.84
-654.07
-762.81
-16.63%Increase/Decrease in Debt
$
245.68
-85.00
2190.11
-65.00
Increase/Decrease in Equity
$-448.56
-460.40
-560.78
-567.06
-748.74
-724.78
-901.97
-1109.27
-1313.46
-154.16
-682.27
-974.15
-973.66
0.05%Interest Expenses
$9.67
9.67
9.67
9.67
18.04
18.11
18.11
18.11
12.68
72.47
84.33
80.32
80.32
19.29%0.00%Dividends Paid
$102.04
125.69
147.92
168.45
192.31
214.64
247.53
337.19
369.79
101.40
405.12
431.30
454.81
13.26%5.45%Net Cash (Financing)
$-532.43
-556.99
-681.79
-460.43
-898.75
-916.09
-1149.49
-1531.46
-1683.25
1701.86
-1152.40
-1405.44
-1428.48
-1.64%Cash Taxes Paid
$370.07
435.81
506.18
510.14
523.60
628.44
714.57
427.93
506.59
8.92
564.75
362.16
595.15
4.04%64.34%Increase/Decrease in Cash
$-184.09
-3.07
-223.59
273.44
64.99
350.00
178.69
124.81
-66.67
3542.36
28.61
-370.14
323.20
187.32%Cash (Beginning)
$833.92
649.84
646.76
423.17
696.61
761.60
1111.60
1353.27
1478.08
1411.41
4953.77
4982.38
4612.24
15.32%-7.43%Cash (Ending)
$649.84
646.76
423.17
696.61
761.60
1111.60
1290.29
1478.08
1411.41
4953.77
4982.38
4612.24
4935.44
18.41%7.01%NOPAT
$683.07
829.04
837.28
973.26
1079.65
1147.03
1321.17
1630.99
1671.56
20.96
1638.04
1623.01
2001.23
9.37%23.30%Gross Margin %
27.50%
27.87%
28.05%
28.09%
28.09%
28.61%
28.91%
28.46%
28.16%
20.96%
27.24%
25.39%
27.94%
Operating Margin %
12.23%
13.01%
13.13%
13.43%
13.41%
13.77%
14.39%
13.75%
13.59%
0.18%
11.59%
10.62%
12.83%
NOPAT Margin %
7.94%
8.53%
8.18%
8.82%
9.05%
8.93%
9.35%
10.88%
10.41%
0.17%
8.69%
8.68%
9.74%
Net Margin %
7.63%
8.09%
8.18%
8.38%
8.56%
8.70%
9.65%
10.59%
10.34%
0.69%
9.14%
8.09%
9.13%
Tax Rate %
35.14%
34.46%
37.68%
34.34%
32.49%
35.18%
35.02%
20.87%
23.41%
8.39%
25.01%
18.22%
24.08%
ROA
20.69%
22.59%
21.49%
20.69%
22.17%
21.60%
23.09%
26.85%
17.88%
0.16%
12.01%
12.10%
13.99%
ROE
45.75%
46.92%
41.71%
42.70%
43.68%
41.74%
43.33%
49.34%
49.76%
0.64%
40.35%
37.84%
41.08%
ROIC
39.57%
41.74%
37.63%
35.30%
36.06%
35.02%
37.10%
43.78%
43.97%
1.06%
50.18%
41.49%
46.38%
Asset Turnover
2.61
2.65
2.63
2.35
2.45
2.42
2.47
2.47
1.72
0.98
1.38
1.39
1.44
Inventory Turnover
5.52
5.80
5.86
5.78
6.04
6.06
6.12
6.13
6.30
6.52
6.06
6.89
6.75
Equity Multiplier
2.21
2.08
1.94
2.06
1.97
1.93
1.88
1.84
2.78
3.86
3.36
3.13
2.94
Current Ratio
1.43
1.43
1.34
1.36
1.48
1.61
1.64
1.69
1.27
1.69
1.77
1.90
1.77
Quick Ratio
0.52
0.50
0.36
0.46
0.52
0.68
0.72
0.75
0.54
1.24
1.20
1.29
1.20
Debt/Equity Ratio
0.10
0.08
0.07
0.17
0.16
0.14
0.13
0.09
1.04
0.76
0.60
0.57
0.51
Interest Coverage Ratio
108.93
130.83
138.97
153.33
88.67
97.74
112.29
113.84
172.09
0.32
25.90
24.71
32.82
Working Capital/Sales
0.06
0.05
0.03
0.04
0.05
0.07
0.08
0.08
0.07
-0.06
0.02
0.04
0.04
Dividend Payout Ratio %
14.94%
15.16%
17.67%
17.31%
17.81%
18.71%
18.74%
20.67%
22.12%
483.72%
24.73%
26.57%
22.73%
Total Payout
$560.27
595.76
718.36
499.51
959.09
957.53
1167.60
1549.57
1695.93
-1862.08
1236.73
1485.76
1508.79
8.61%1.55%Payout Ratio %
82.02%
71.86%
85.80%
51.32%
88.83%
83.48%
88.38%
95.01%
101.46%
-8882.49%
75.50%
91.54%
75.39%