Ross Stores Q3 2024 10-Q Filing
Ticker: ROST · Form: 10-Q · Filed: Dec 11, 2024 · CIK: 745732
| Field | Detail |
|---|---|
| Company | Ross Stores, Inc. (ROST) |
| Form Type | 10-Q |
| Filed Date | Dec 11, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, earnings, retail, financials
TL;DR
**ROSS STORES 10-Q FILED: Q3 2024 RESULTS OUT NOW**
AI Summary
Ross Stores, Inc. filed its 10-Q for the period ending November 2, 2024. The filing details financial performance and operational updates for the third quarter of fiscal year 2024. Key financial data and disclosures relevant to investors are presented.
Why It Matters
This filing provides investors with the official financial results and disclosures for Ross Stores' third quarter, impacting investment decisions and market perception.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not inherently present new risks.
Key Numbers
- 2024-11-02 — Fiscal Year End (End of the reporting period for this 10-Q filing.)
- 2024-12-11 — Filing Date (Date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- ROSS STORES, INC. (company) — Filer
- 2024-11-02 (date) — Reporting Period End Date
- 2024-12-11 (date) — Filing Date
- Dublin, CA (location) — Company Headquarters
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is November 2, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on December 11, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0000745732.
Where is Ross Stores, Inc. headquartered?
Ross Stores, Inc. is headquartered at 5130 Hacienda Drive, Dublin, CA 94568.
What is the Standard Industrial Classification (SIC) code for Ross Stores, Inc.?
The Standard Industrial Classification (SIC) code for Ross Stores, Inc. is 5651, which falls under RETAIL-FAMILY CLOTHING STORES.
Filing Stats: 4,616 words · 18 min read · ~15 pages · Grade level 14.7 · Accepted 2024-12-10 17:44:14
Key Financial Figures
- $000 — Three Months Ended Nine Months Ended ($000, except stores and per share data, unau
Filing Documents
- rost-20241102.htm (10-Q) — 908KB
- rost-20241102xex15q324awar.htm (EX-15) — 3KB
- rost-20241102xex311.htm (EX-31.1) — 10KB
- rost-20241102xex312.htm (EX-31.2) — 10KB
- rost-20241102xex321.htm (EX-32.1) — 4KB
- rost-20241102xex322.htm (EX-32.2) — 4KB
- 0000745732-24-000062.txt ( ) — 4572KB
- rost-20241102.xsd (EX-101.SCH) — 27KB
- rost-20241102_cal.xml (EX-101.CAL) — 48KB
- rost-20241102_def.xml (EX-101.DEF) — 107KB
- rost-20241102_lab.xml (EX-101.LAB) — 425KB
- rost-20241102_pre.xml (EX-101.PRE) — 282KB
- rost-20241102_htm.xml (XML) — 602KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements (unaudited)
Item 1. Financial Statements (unaudited) Condensed Consolidated Statements of Earnings 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Stockholders ' Equity 6 Condensed Consolidated Statements of Cash Flows 8 Notes to Condensed Consolidated Financial Statements 9 Report of Independent Registered Public Accounting Firm 16
Management ' s Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 17
Quantitative and Qualitative Disclosures A bout Market Risk
Item 3. Quantitative and Qualitative Disclosures A bout Market Risk 24
Controls and Procedures
Item 4. Controls and Procedures 24
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 25
Risk Factors
Item 1A. Risk Factors 25
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 25
Other Information
Item 5. Other Information 25
Exhibits
Item 6. Exhibits 26
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS Condensed Consolidated Statements of Earnings Three Months Ended Nine Months Ended ($000, except stores and per share data, unaudited) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Sales $ 5,071,354 $ 4,924,849 $ 15,216,940 $ 14,354,440 Costs and Expenses Cost of goods sold 3,634,283 3,564,268 10,916,884 10,426,241 Selling, general and administrative 832,855 810,470 2,445,494 2,364,590 Interest income, net ( 42,527 ) ( 43,319 ) ( 131,827 ) ( 111,930 ) Total costs and expenses 4,424,611 4,331,419 13,230,551 12,678,901 Earnings before taxes 646,743 593,430 1,986,389 1,675,539 Provision for taxes on earnings 157,935 146,103 482,443 410,702 Net earnings $ 488,808 $ 447,327 $ 1,503,946 $ 1,264,837 Earnings per share Basic $ 1.49 $ 1.34 $ 4.56 $ 3.76 Diluted $ 1.48 $ 1.33 $ 4.53 $ 3.74 Weighted-average shares outstanding (000) Basic 327,710 334,282 329,453 336,187 Diluted 329,937 336,261 331,728 338,107 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 Condensed Consolidated Statements of Comprehensive Income Three Months Ended Nine Months Ended ($000, unaudited) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net earnings $ 488,808 $ 447,327 $ 1,503,946 $ 1,264,837 Other comprehensive income — — — — Comprehensive income $ 488,808 $ 447,327 $ 1,503,946 $ 1,264,837 The accompanying notes are an integral part of these condensed consolidated financial statements. 4 Condensed Consolidated Balance Sheets ($000, except share data, unaudited) November 2, 2024 February 3, 2024 October 28, 2023 Assets Current Assets Cash and cash equivalents $ 4,349,262 $ 4,872,446 $ 4,499,497 Accounts receivable 176,218 130,766 171,915 Merchandise inventory 2,859,106 2,192,220 2,613,808 Prepaid expenses and other 241,703 202,706 206,725 Total current assets 7,626,289 7,398,138 7,491,945 Property and Equipment Land and buil