Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Paying user area
Try for free
Ross Stores Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Debt to Equity since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Ross Stores Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Ross Stores Inc., consolidated income statement (quarterly data)
US$ in thousands
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
- Sales exhibit a generally increasing trend over the period, from approximately 3.09 billion US dollars in the first quarter of 2016 to a peak of around 5.02 billion US dollars in early 2022. Notably, sales experienced a significant drop in the second quarter of 2020, coinciding with broader economic disruptions, but recovered sharply in subsequent quarters.
- Cost of Goods Sold (COGS)
- Cost of goods sold mostly follows the pattern of sales, increasing from roughly 2.18 billion to over 3.42 billion US dollars by late 2022. Similar to sales, COGS dipped markedly in the second quarter of 2020 but rose again steadily afterward. The proportional relationship between sales and COGS remains consistent, suggesting stable cost control relative to revenue.
- Gross Profit
- Gross profit generally increased over the time frame, rising from about 913 million US dollars in early 2016 to over 1.14 billion US dollars by late 2022. However, there was a pronounced negative gross profit figure in the second quarter of 2020, reflecting the impact of higher costs relative to sales during that period. Post-2020, gross profit rebounded strongly, aligning with sales recovery.
- Selling, General and Administrative Expenses (SG&A)
- SG&A expenses showed a gradual increase from approximately 437 million US dollars in early 2016 to nearly 755 million by late 2021, then slightly decreased towards late 2022. A sharp decline in SG&A expenses occurred during Q2 2020, potentially related to cost-cutting measures amid the downturn. There was a notable spike in SG&A expenses during Q3 2020 as operations normalized.
- Operating Earnings
- Operating earnings fluctuated throughout the period, generally increasing from around 476 million US dollars to approximately 518 million by late 2022. A significant operating loss was recorded in Q2 2020, reflecting the pandemic's impact. Recovery was evident in the subsequent quarters, with earnings surpassing pre-pandemic levels by early 2021, followed by some volatility thereafter.
- Interest Income (Expense), Net
- Net interest expense decreased over the observed period, moving from modest negative values to small positive income in some quarters. However, Q2 and Q3 2020 featured increased net interest expenses, possibly linked to stress on financial operations during that time. The trend stabilizes towards the end of the dataset.
- Earnings Before Taxes (EBT)
- EBT mirrored the pattern of operating earnings with growth from about 471 million US dollars to roughly 506 million US dollars by late 2022. A significant loss occurred in Q2 2020, consistent with operating losses, followed by recovery and growth. Fluctuations are evident but the overall tendency post-2020 is positive.
- Provision for Taxes on Earnings
- The tax provision generally corresponds with earnings before tax, increasing in absolute terms alongside higher profits. The dataset includes some quarters with a tax benefit, particularly in Q2 2020, reflecting the pre-tax losses during that period. In other quarters, tax provisions increased in line with rising earnings.
- Net Earnings
- Net earnings increased from approximately 291 million US dollars in early 2016 to a peak of about 494 million in mid-2021. A substantial net loss of approximately 306 million occurred in Q2 2020, clearly linked to the operating and gross profit losses earlier noted. Following this, net earnings improved steadily but did not consistently surpass prior peak levels by late 2022. The overall pattern highlights resilience with temporary severe disruptions.