Ross Stores (ROST) Revenue — Quarter Ended Oct 28, 2023
Revenue increased compared to the same quarter last year, but declined slightly from the immediately preceding quarter. The sequential decrease follows a period of growth in the prior quarter.
Key takeaway
Quarter ended Oct 28, 2023 · FY2023 Q3
Revenue increased compared to the same quarter last year, but declined slightly from the immediately preceding quarter. The sequential decrease follows a period of growth in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.9B
Revenue reported for this quarter.
Quarter-over-quarter
-0.2%
Change from the immediately preceding quarter.
Year-over-year
+7.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.6B
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 |
|---|---|---|
| Jan 28, 2023 | $5.2B | +3.9% |
| Apr 29, 2023 | $4.5B | +3.7% |
| Jul 29, 2023 | $4.9B | +7.7% |
| Oct 28, 2023 | $4.9B | +7.9% |
Revenue performance
The reported revenue reflects a year-over-year increase, continuing the upward trend from the prior year period. However, the quarter-over-quarter comparison shows a modest decline.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower, marking a reversal from the prior quarter's sequential growth. Relative to the same quarter one year earlier, revenue was higher, maintaining the positive year-over-year trajectory.
What to watch
Monitor whether the sequential decline in revenue persists or reverses in the upcoming quarter.