Stock Analysis on Net
Stock Analysis on Net

Ross Stores Inc. (NASDAQ:ROST)

$22.49

This company has been moved to the archive! The financial data has not been updated since December 7, 2022.

Common-Size Income Statement
Quarterly Data

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Ross Stores Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016
Sales
Cost of goods sold
Gross profit (loss)
Selling, general and administrative
Operating earnings (loss)
Interest income (expense), net
Earnings (loss) before taxes
(Provision) benefit for taxes on earnings (loss)
Net earnings (loss)

Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).

Sales and Cost of Goods Sold
Sales remained stable at 100% of sales throughout the periods analyzed, serving as a consistent baseline for other percentage-based metrics. The cost of goods sold (COGS) generally fluctuated between approximately -70% to -75% of sales, indicating stable gross margin conditions under normal operating circumstances. However, an exceptional spike was observed in the period ending May 2, 2020, where COGS exceeded sales significantly, reaching -102.57%. This anomaly suggests a disruption or extraordinary expense affecting product costs during that period.
Gross Profit
Gross profit margins showed modest variability, mostly oscillating between approximately 24.8% and 29.7% of sales. Notably, there was a severe decline to -2.57% during the period ending May 2, 2020, corresponding to the COGS spike, indicating a gross profit loss during that quarter. In subsequent quarters, gross profit margins gradually recovered, stabilizing around the mid to high 20s percentile.
Selling, General and Administrative Expenses (SG&A)
SG&A expenses consistently ranged from around -13.6% to -16.25%, with a notable spike up to -23.38% in the quarter ending October 31, 2020. There was also a significant increase during the period ending May 2, 2020 (-22.54%), which reflects elevated operational expenditures, potentially linked to the same disruptive factors that affected gross profit and COGS in that quarter. Post-disruption, SG&A trends moved toward usual levels but showed occasional variability.
Operating Earnings
Operating earnings generally showed positive percentages, frequently ranging between 11% and 15% of sales, representing stable operational profitability during normal periods. There was a sharp drop to -25.11% during May 2, 2020, mirroring the anomaly observed in cost and gross profit data. Recovery after this period was gradual, with operating margins fluctuating around 9–14%, but not consistently returning to pre-disruption peaks by the end of the analysis.
Interest Income (Expense), Net
Net interest expense was typically minor, close to zero with slight negative values indicating costs. An unusual increase in expense is noted at -1.07% in the quarter ending August 1, 2020, which temporally aligns with other financial distress indicators. Otherwise, interest income/expense showed limited impact overall on operational profitability.
Earnings Before Taxes (EBT)
EBT followed a pattern similar to operating earnings, with positive returns between approximately 11% and 15% in most periods. The exception was a sharp negative return (-25.47%) at May 2, 2020, coinciding with operational losses and cost anomalies. Recovery phases showed a return to positive territory with moderate fluctuations.
Provision for Taxes
The tax provision was generally negative, indicating tax expenses ranging from approximately -2.5% to -5.9% of sales. Interestingly, during the anomalous period in May 2020, the provision became positive (8.87%), likely reflecting tax benefits associated with losses or extraordinary items. Following periods showed reduced tax burdens, often below the levels seen in earlier years.
Net Earnings
Net earnings demonstrated stable positive margins ranging from about 7.5% to 11.7% of sales, except for the severe decline in May 2020 (-16.6%), representing a net loss. This loss corresponds temporally with the spike in COGS and operating losses. Post-crisis, net earnings steadily improved, although they did not consistently reach pre-crisis peak levels. The overall trend reflects resilience and a gradual recovery in profitability following a significant disruption during early 2020.