Ross Stores (ROST) Revenue — Quarter Ended May 4, 2024
Revenue for the quarter increased compared with the same quarter one year earlier. However, revenue declined from the immediately preceding quarter.
Key takeaway
Quarter ended May 4, 2024 · FY2024 Q1
Revenue for the quarter increased compared with the same quarter one year earlier. However, revenue declined from the immediately preceding 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
-19.3%
Change from the immediately preceding quarter.
Year-over-year
+8.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.7B
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 29, 2023 | $4.9B | +7.7% |
| Oct 28, 2023 | $4.9B | +7.9% |
| Feb 3, 2024 | $6B | +15.5% |
| May 4, 2024 | $4.9B | +8.1% |
Revenue performance
The reported revenue reflects a year-over-year increase, continuing the positive trend from prior periods. The sequential decline from the prior quarter is consistent with typical seasonal patterns.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. Compared with the same quarter one year earlier, revenue increased.
What to watch
The sequential revenue decline from the prior quarter may warrant monitoring for any shift in underlying demand trends.