Ross Stores (ROST) Revenue — Quarter Ended Apr 29, 2023
Revenue for the quarter increased compared to the same period last year, marking a year-over-year gain. However, it declined from the immediately preceding quarter, reflecting a sequential downturn.
Key takeaway
Quarter ended Apr 29, 2023 · FY2023 Q1
Revenue for the quarter increased compared to the same period last year, marking a year-over-year gain. However, it declined from the immediately preceding quarter, reflecting a sequential downturn.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.5B
Revenue reported for this quarter.
Quarter-over-quarter
-13.8%
Change from the immediately preceding quarter.
Year-over-year
+3.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 30, 2022 | $4.6B | -4.6% |
| Oct 29, 2022 | $4.6B | -0.2% |
| Jan 28, 2023 | $5.2B | +3.9% |
| Apr 29, 2023 | $4.5B | +3.7% |
Revenue performance
The year-over-year growth indicates continued revenue expansion, while the sequential decline follows a stronger prior period.
Quarterly comparison
Compared to the prior quarter, revenue was lower; compared to the same quarter one year earlier, revenue was higher.
What to watch
The filing notes that operating cash flow turned positive in the current quarter, contrasting with a negative cash flow in the same period a year ago.