Ross Stores (ROST) 10-K Summary — Year Ended Feb 1, 2025
Ross Stores operates off-price retail chains in the United States, offering branded apparel and home goods at discounted prices. The company reported increased revenue and positive cash flow from operations for the latest fiscal year.
Key takeaway
Year ended Feb 1, 2025 · FY2025 10-K
Ross Stores operates off-price retail chains in the United States, offering branded apparel and home goods at discounted prices. The company reported increased revenue and positive cash flow from operations for the latest fiscal year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$21.1B
Revenue reported for the fiscal year.
Operating income
$2.6B
Income from operations reported for the year.
Net income
$2.1B
Net income reported for the year.
Operating cash flow
$2.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 29, 2022 | $18.9B | n/a |
| Jan 28, 2023 | $18.7B | -1.2% |
| Feb 3, 2024 | $20.4B | +9.0% |
| Feb 1, 2025 | $21.1B | +3.7% |
Business overview
The company operates two brands: Ross Dress for Less and dd's DISCOUNTS, both focused on off-price retail. All stores are located in the United States and its territories, making the business particularly sensitive to domestic economic conditions.
Financial performance
Revenue increased compared to the prior year, while operating income and net income remained positive. Cash generated from operations was substantial, supporting ongoing business activities.
Material risks
Macroeconomic conditions, inflation, tariff increases, and supply chain disruptions could negatively affect costs and consumer demand. Changes in U.S. trade policy and consumer spending behavior pose material risks to sales and profitability.
Liquidity and capital
Primary liquidity sources are cash from operations and trade credit. Cash is used for inventory, payroll, capital expenditures, stock repurchases, dividends, and debt repayment, including the recent repayment of senior notes.
What to watch
Monitor the impact of potential tariff changes on the company's cost of goods and profit margins in the next filing.