ROSS Stores (ROST) FY2023 results: revenue $20.4 billion, up 9.0% on the year
ROSS Stores, Inc. (ROST) reported revenue of $20.4 billion for fiscal 2023, the year ended 3 February 2024, up 9.0% on the year before. Net income was $1.9 billion, up 24.0%, and diluted earnings per share $5.56. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2024.
Revenue
$20.4 billion
+9.0% on the year
FY2016FY2023
Operating margin
11.3%
10.6% a year earlier
FY2016FY2023
Net income
$1.9 billion
+24.0% on the year
FY2016FY2023
Diluted EPS
$5.56
+26.9% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,514
1,689
1,739
+48.8%
Capital expenditure
763
654
558
+16.6%
Free cash flow
1,752
1,035
1,181
+69.2%
Free cash flow margin
8.6%
5.5%
6.2%
Cash from investing
-763
-654
-558
Cash from financing
-1,428
-1,405
-1,152
Depreciation and amortisation
419
395
361
+6.3%
Share-based compensation
145
122
134
+19.3%
Buybacks
950
950
650
0.0%
Dividends paid
455
431
405
+5.5%
Dividend per share
$1.34
$1.24
$1.14
+8.1%
Diluted shares, weighted
337m
345m
354m
-2.3%
Shares outstanding at period end
335m
343m
352m
-2.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
4,871
4,289
4,060
+13.6%
Debt
2,461
2,457
2,452
+0.2%
Operating lease liabilities
2,603
2,594
2,539
+0.4%
Other liabilities
4,365
4,077
4,589
+7.0%
Total liabilities and equity
14,300
13,416
13,640
+6.6%
Fixed assets
3,532
3,182
2,899
+11.0%
Cash and equivalents
4,872
4,552
4,922
+7.0%
Receivables
131
146
119
-10.2%
Inventory
2,192
2,023
2,262
+8.3%
Other assets
3,573
3,514
3,438
+1.7%
Total assets
14,300
13,416
13,640
+6.6%
10-K for the year ended 3 February 2024, filed 2 April 2024: the filing.