Investors interested in stocks from the Retail - Discount Stores sector have probably already heard of Target (TGT) and Ross Stores (ROST) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate r ...

JHVEPhoto/iStock Editorial via Getty Images Company Overview Ross Stores, Inc. (NASDAQ:ROST) owns a chain of department stores that sell discounted products including apparel, accessories, home goods, and more through its banners "Ross Dress for Less" (1765 locations) and "dd's DISCOUNTS" (347 locations). Ross Dress for Less is the main brand with significantly more locations and more variety in its products whereas dd's DISCOUNTS is strategically positioned to be the company's more value-oriented option fo ...

Ross Stores, Inc. (ROST) has been gaining from positive consumer responses to its merchandise despite the competitive environment and digital growth. The company has been witnessing positive trends at its dd’s DISCOUNTS chain driven by better merchandise and moderating inflation.The off-price model offers a strong value proposition and micro merchandising that drive better product allocation and margins. Also, it stands to gain from lower supply-chain costs from the prior year as ocean and domestic freight ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number:0-14678 Ross Stores, Inc. (Exact name of registrant as specified in its charter) Delaware 94-1390387 (State or ...

Call Start: 16:15 January 1, 0000 4:55 PM ET Ross Stores, Inc. (NASDAQ:ROST) Q3 2023 Earnings Conference Call November 16, 2023 16:15 ET Company Participants Barbara Rentler - Chief Executive Officer Adam Orvos - Executive Vice President & Chief Financial Officer Michael Hartshorn - Group President & Chief Operating Officer Conference Call Participants Matthew Boss - J.P. Morgan Mark Altschwager - Baird Paul Lejuez - Citigroup Lorraine Hutchinson - Bank of America John Kernan - TD Cowen Chuck Grom - Gordon ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 29, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number:0-14678 Ross Stores, Inc. (Exact name of registrant as specified in its charter) Delaware 94-1390387 (State or oth ...

Ross Stores, Inc. (NASDAQ:ROST) Q2 2023 Earnings Conference Call August 17, 2023 4:15 PM ET Company Participants Barbara Rentler - Chief Executive Officer Adam Orvos - Executive Vice President and Chief Financial Officer Michael Hartshorn - Group President and Chief Operating Officer Conference Call Participants Matthew Boss - J.P. Morgan Lorraine Hutchinson - Bank of America Mark Altschwager - Baird Chuck Grom - Gordon Haskett Paul Lejuez - Citigroup Adrienne Yih - Barclays Capital Brooke Roach - Goldman S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 29, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number:0-14678 Ross Stores, Inc. (Exact name of registrant as specified in its charter) Delaware 94-1390387 (State or ot ...

Ross Stores, Inc. (NASDAQ:ROST) Q1 2023 Earnings Conference Call May 18, 2023 4:15 PM ET Company Participants Barbara Rentler - Chief Executive Officer Michael Hartshorn - Group President and Chief Operating Officer Adam Orvos - Executive Vice President and Chief Financial Officer Connie Kao - Group Vice President, Investor Relations Conference Call Participants Matthew Boss - JPMorgan Mark Altschwager - Baird Paul Lejuez - Citigroup Lorraine Hutchinson - Bank of America Charles Grom - Gordon Haskett Adrien ...

Store Operations and Expansion - The company operates 322 dd's DISCOUNTS stores in 21 states as of January 28, 2023, offering savings of 20% to 70% off moderate department and discount store regular prices[16] - The company had a total of 2,015 stores as of January 28, 2023, comprising 1,693 Ross stores and 322 dd's DISCOUNTS stores[30] - Company operates a total of 2,015 stores as of January 28, 2023, with 1,693 Ross stores and 322 dd's DISCOUNTS stores[104] - The company operated 1,693 Ross Dress for Less locations and 322 dd's DISCOUNTS stores at the end of fiscal 2022[190] - Total stores opened in fiscal 2022: 99 new stores, bringing the total store count to 2,015[129] - Expected store openings in fiscal 2023: approximately 100 new stores[129] - New store growth depends on securing favorable real estate sites, with potential delays or cancellations impacting profitability[71] - Expansion into new geographic markets may result in higher costs and slower sales growth compared to existing markets[72] Pricing and Merchandise Strategy - The company's pricing strategy at Ross offers brand name merchandise at 20% to 60% below department and specialty store regular prices, while dd's DISCOUNTS offers 20% to 70% below moderate department and discount store regular prices[28] - Packaway merchandise accounted for approximately 40% of total inventories as of January 28, 2023 and January 29, 2022[25] - The company's merchandise inventory is stated at the lower of cost or net realizable value, with packaway inventory typically stored for less than six months[196] - The company's cost of goods sold includes buying, distribution, freight expenses, occupancy costs, and depreciation related to retail stores and distribution facilities[197] - Inventory management challenges, including markdowns and shortages, could negatively affect gross margins and operating results[78] - The company relies on the availability of high-quality, value-priced merchandise, which could be impacted by vendor decisions, supply chain disruptions, or changes in trade policies[67] Financial Performance and Metrics - Fiscal 2022 sales: $18.696 billion, a 1.2% decline compared to fiscal 2021[129] - Comparable store sales decline in fiscal 2022: 4%[129] - Cost of goods sold as a percentage of sales in fiscal 2022: 74.6%, up from 72.5% in fiscal 2021[129] - Net earnings as a percentage of sales in fiscal 2022: 8.1%, down from 9.1% in fiscal 2021[129] - The company's sales for fiscal 2022 were $18.7 billion, compared to $18.9 billion in fiscal 2021 and $12.5 billion in fiscal 2020[177] - The company's net earnings for fiscal 2022 were $1.51 billion, compared to $1.72 billion in fiscal 2021 and $85.4 million in fiscal 2020[177] - The company's earnings per share (diluted) for fiscal 2022 were $4.38, compared to $4.87 in fiscal 2021 and $0.24 in fiscal 2020[177] - The company's cost of goods sold for fiscal 2022 was $13.95 billion, compared to $13.71 billion in fiscal 2021 and $9.84 billion in fiscal 2020[177] - The company's selling, general, and administrative expenses for fiscal 2022 were $2.76 billion, compared to $2.87 billion in fiscal 2021 and $2.5 billion in fiscal 2020[177] - The company's comprehensive income for fiscal 2022 was $1.51 billion, compared to $1.72 billion in fiscal 2021 and $85.4 million in fiscal 2020[179] - Net earnings for 2023 were $1,512,041, a decrease from $1,722,589 in 2022, showing a decline in profitability[185] - Diluted earnings per share in fiscal 2022 was $4.38, a decrease from $4.87 in fiscal 2021, primarily due to a 12% decrease in net earnings[145] Supply Chain and Distribution - The company's distribution centers and warehouses are designed to support near-term store growth plans, with shipments made to stores three to six times per week depending on location[36] - Distribution/warehouse facilities total approximately 12.5 million square feet, with largest facilities in Buckeye, Arizona (1.7M sq ft) and Brookshire, Texas (1.89M sq ft)[107] - Supply chain disruptions, such as shipping delays or port congestion, may impact the timely delivery of merchandise and increase costs[85] - A significant portion of merchandise is sourced internationally, exposing the company to risks like currency fluctuations, trade restrictions, and supply chain disruptions[74][75] - The company faces risks from potential changes in U.S. trade policies, particularly regarding apparel and home goods manufactured in other countries, which could increase costs and reduce profitability[99] Labor and Workforce - The company employs approximately 101,000 total associates as of January 28, 2023, with the majority working in retail stores[39] - The company's talent development programs focus on key competencies critical to executing its business model and delivering customer value[40] - The company is committed to diversity, equality, and inclusion, with strategies aimed at building diverse teams and an inclusive culture[42] - Labor shortages, increased turnover, and rising labor costs could adversely affect the company's ability to execute its off-price retail strategies[68] - Labor cost increases may negatively impact profitability and lead to higher turnover, increasing hiring and training costs[69] - The company relies on attracting and retaining key personnel, especially in the buying organization, to maintain business operations and growth[70] Technology and Cybersecurity - The company continues to invest in new information systems and technology, including enhancements to stores, supply chain, merchandising, and cybersecurity systems[35] - Cybersecurity risks, including data breaches and ransomware attacks, could disrupt operations and damage the company's reputation[80] Marketing and Customer Engagement - The company's marketing strategy includes a mix of television, digital channels, radio, and new store grand openings to communicate its value proposition[37] - Sales are generally higher during the second half of the year, driven by back-to-school and holiday seasons[46] Risks and Challenges - The company operates in a highly competitive retail apparel and home fashion market, facing challenges from online retailers, department stores, and other off-price retailers with greater resources[45] - The company is susceptible to macroeconomic risks, including inflation, supply chain disruptions, and geopolitical events like the Russia-Ukraine conflict, which could impact consumer confidence and spending[57] - Elevated inflation, the Russia-Ukraine conflict, and the COVID-19 pandemic could reduce demand for merchandise, increase costs, and negatively affect sales and margins[60] - The retail industry is highly fragmented, with intense competition expected to increase in the future, particularly from e-commerce growth[62] - The company's success depends on its ability to anticipate and match consumer trends and preferences, which is challenging across diverse merchandise categories and markets[63] - Adverse weather conditions can disrupt shopping patterns, reduce demand for seasonal merchandise, and lead to temporary store closures[64] - The company's California operations, including 22% of its stores, are vulnerable to natural disasters, pandemics, and other disruptions[65] - Reputation risks, including negative social media exposure, could harm sales and customer trust[89][90] - Demonstrations and protests in U.S. cities may result in temporary store closures, merchandise losses, and increased security costs, potentially impacting sales[91] - The company faces risks from potential product quality, safety, or authenticity issues, which could lead to recalls, lost sales, and increased costs[92][94] - The COVID-19 pandemic continues to pose risks to operations, including potential store closures and supply chain interruptions[86][88] Legal and Regulatory - The company is involved in class/representative action lawsuits primarily in California, alleging violations of wage and hour laws and consumer protection laws[109] - Company filed lawsuit against insurance companies in December 2020 seeking coverage for COVID-19 related business interruption and property damage losses[110] Capital and Shareholder Returns - Stock price closed at $112.40 per share on March 6, 2023, with 1,217 stockholders of record[112] - Quarterly cash dividend declared at $0.335 per common share for March 2023, up from $0.310 in 2022 and $0.285 in 2021[112] - Total shares repurchased in the quarter ended January 28, 2023: 2,095,563 shares at an average price of $112.04 per share[114] - Total remaining shares authorized for repurchase under the program: $950 million[114] - New stock repurchase program approved in March 2022: up to $1.9 billion through fiscal 2023[115] - The company repurchased 10.3 million shares for $950 million in fiscal 2022, 5.7 million shares for $650 million in fiscal 2021, and 1.2 million shares for $132 million in fiscal 2020[159] - The company paid dividends of $431.3 million in fiscal 2022, $405.1 million in fiscal 2021, and $101.4 million in fiscal 2020[160] - Repurchase of common stock increased to $949,996 in 2023 from $649,997 in 2022, reflecting a more aggressive share buyback strategy[187] - Dividends paid increased to $431,295 in 2023 from $405,123 in 2022, indicating a higher return to shareholders[187] - Net cash used in financing activities increased to $1,405,444 in 2023 from $1,152,396 in 2022, showing greater cash outflow from financing activities[187] Financial Position and Cash Flow - Cash and cash equivalents decreased to $4,551,876 in 2023 from $4,922,365 in 2022, indicating a reduction in liquidity[181] - Net cash provided by operating activities decreased to $1,689,373 in 2023 from $1,738,849 in 2022, signaling a reduction in cash generation from core operations[185] - Additions to property and equipment increased to $654,070 in 2023 from $557,840 in 2022, showing higher capital expenditures[186] - Cash and cash equivalents were $4.6 billion at January 28, 2023, compared to $4.9 billion at January 29, 2022[195] - Total restricted cash and cash equivalents were $60.4 million at January 28, 2023, compared to $60.0 million at January 29, 2022[194] - The company ended fiscal 2022 with $4.6 billion in unrestricted cash balances and $1.3 billion available under its senior unsecured revolving credit facility[162] - The company's total contractual obligations as of January 28, 2023, were $11.14 billion, including $2.47 billion in senior notes and $3.3 billion in operating leases[164] - Cash provided by operating activities was $1.7 billion in fiscal 2022, driven by net earnings excluding non-cash expenses, partially offset by merchandise inventory payments and incentive bonuses[148] - Net cash used in financing activities was $1.4 billion in fiscal 2022, primarily due to stock repurchases under the $1.9 billion stock repurchase program[156] Capital Expenditures and Investments - Capital expenditures in fiscal 2022 were $654.1 million, primarily for new stores, distribution centers, and information technology systems[153] - Planned capital expenditures for fiscal 2023 are projected to be approximately $810 million, focusing on supply chain investments, new store openings, and information technology systems[155] - Interest capitalized during the construction period of facilities and software projects was $5.7 million in fiscal 2022, down from $14.5 million in fiscal 2021[198] Depreciation and Amortization - Depreciation and amortization expenses increased to $394,655 in 2023 from $360,664 in 2022, reflecting higher asset utilization costs[185] - Depreciation and amortization expense on property and equipment was $394.7 million in fiscal 2022, up from $360.7 million in fiscal 2021[198] Other Financial Metrics - Total assets decreased to $13,416,463 in 2023 from $13,640,256 in 2022, reflecting a slight decline in overall financial position[181] - Stock-based compensation rose to $121,936 in 2023 from $134,217 in 2022, indicating changes in employee incentive structures[185] - Self-insurance and deductible reserves totaled $138.7 million at January 28, 2023, compared to $137.0 million at January 29, 2022[204] - Other long-term liabilities were $224.1 million at January 28, 2023, down from $236.0 million at January 29, 2022[205] - No material impairment charges were recorded during fiscal 2022, 2021, and 2020[202]