Name: Ross Stores Inc. (NASDAQ:ROST) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

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Ross Stores Inc., income statement, revenues

US$ in thousands

12 months ended:	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Home Accents and Bed and Bath	4,918,224)	3,508,838)	4,009,768)	3,895,721)	3,675,030)	3,216,689)
Ladies	4,729,061)	2,882,260)	4,170,159)	3,895,721)	3,816,378)	3,602,693)
Men’s	2,648,274)	1,754,419)	2,245,470)	2,097,696)	1,837,515)	1,672,678)
Accessories, Lingerie, Fine Jewelry, and Cosmetics	2,648,274)	1,754,419)	2,085,079)	1,947,860)	1,837,515)	1,672,678)
Shoes	2,269,949)	1,503,788)	2,085,079)	1,947,860)	1,837,515)	1,672,678)
Children’s	1,702,462)	1,127,841)	1,443,518)	1,198,683)	1,130,779)	1,029,341)
Sales	18,916,244)	12,531,565)	16,039,073)	14,983,541)	14,134,732)	12,866,757)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

Total sales exhibited a consistent upward trajectory from 2017 through 2020, followed by a sharp contraction in 2021 and a substantial recovery in 2022. Overall revenue increased from approximately 12.87 billion US dollars in 2017 to a peak of 16.04 billion US dollars in 2020, before falling to 12.53 billion US dollars in 2021. By 2022, sales reached a record high of 18.92 billion US dollars, representing a significant expansion beyond previous levels.

Aggregate Revenue Growth and Volatility: A steady growth phase is observed between 2017 and 2020, with total sales increasing by approximately 24.6% over this period. This progress was abruptly reversed in 2021, where total sales declined by roughly 21.9% compared to the previous year. However, the subsequent recovery in 2022 was aggressive, with a revenue increase of approximately 51% year-over-year, indicating a strong rebound in consumer demand.
Performance of Primary Revenue Drivers: The Ladies and Home Accents and Bed and Bath categories consistently served as the largest contributors to total revenue. The Ladies segment grew from 3.60 billion US dollars in 2017 to 4.17 billion US dollars in 2020, before experiencing a steep drop to 2.88 billion US dollars in 2021 and recovering to 4.73 billion US dollars in 2022. Similarly, Home Accents and Bed and Bath rose from 3.22 billion US dollars in 2017 to 4.01 billion US dollars in 2020, dipped to 3.51 billion US dollars in 2021, and reached 4.92 billion US dollars in 2022.
Secondary Segment Trends: The Men's, Shoes, and Accessories categories followed a synchronized pattern of growth, contraction, and recovery. Men's revenue climbed from 1.67 billion US dollars in 2017 to 2.25 billion US dollars in 2020, before dropping to 1.75 billion US dollars in 2021 and surging to 2.65 billion US dollars in 2022. Shoes and Accessories showed similar volatility, with both categories reaching their highest recorded values in 2022 at 2.27 billion US dollars and 2.65 billion US dollars, respectively.
Children's Wear Analysis: The Children's segment demonstrated a steady increase from 1.03 billion US dollars in 2017 to 1.44 billion US dollars in 2020. While this segment also suffered a decline in 2021, falling to 1.13 billion US dollars, it achieved its strongest performance in 2022 with revenues of 1.70 billion US dollars, mirroring the broader organizational recovery trend.

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