Ross Stores (ROST) Revenue — Quarter Ended Aug 3, 2024
Revenue increased in the current quarter compared to the prior quarter. The year-over-year comparison also showed growth.
Key takeaway
Quarter ended Aug 3, 2024 · FY2024 Q2
Revenue increased in the current quarter compared to the prior quarter. The year-over-year comparison also showed growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.3B
Revenue reported for this quarter.
Quarter-over-quarter
+8.8%
Change from the immediately preceding quarter.
Year-over-year
+7.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.1B
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 |
|---|---|---|
| Oct 28, 2023 | $4.9B | +7.9% |
| Feb 3, 2024 | $6B | +15.5% |
| May 4, 2024 | $4.9B | +8.1% |
| Aug 3, 2024 | $5.3B | +7.1% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing an upward trajectory. This improvement was supported by higher sales across both brands.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher. The sequential increase from the prior quarter was also positive.
What to watch
Monitor whether the company can sustain this revenue growth amid potential shifts in consumer spending patterns.