ROSS STORES Reports Fourth Quarter FY2023 Earnings Results on February 28 2023.
March 18, 2023
On February 28th 2023, ROSS STORES ($BER:RSO) announced its earnings results for the fourth quarter of FY2023, which ended on January 31st 2023. The company reported a total revenue of USD 447.0 million – an increase of 21.9% compared to the same period in the prior year – as well as a net income of USD 5214.2 million, representing a 3.9% increase year-on-year.
At the start of the trading day, ROSS STORES stock opened at €104.5 and stayed at that price for the day, closing with a 0.9% decrease from its previous closing price of 105.4. In light of the company’s fourth quarter results, ROSS STORES CEO and Chairman Michael Balmuth reassured investors that despite the decrease in sales and adjusted earnings, they are staying on track to capitalize on their strengths and look forward to continued success in the future. Live Quote…
About the Company
Below shows the total revenue, net income and net margin for Ross Stores. More…
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Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ross Stores. More…
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ross Stores. More…
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Key Ratios Snapshot
Some of the financial key ratios for Ross Stores are shown below. More…
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At GoodWhale, we have conducted an in-depth analysis of ROSS STORES to assess its overall wellbeing. Our Risk Rating has determined that ROSS STORES is among the safer investments, maintaining an overall low risk level in both its financial and business aspects. If you are interested to learn more about the areas with potential risks related to ROSS STORES, feel free to register with us. Our expert team at GoodWhale will be more than happy to provide you with further detailed analysis and insights for investors looking for long-term investments. More…
Investors in ROSS STORES saw positive news in the company’s fourth quarter earnings results for FY2023, ending on January 31 2023, reported on February 28 2023. Total revenue was up 21.9% year over year, totaling USD 447.0 million, while net income saw a 3.9% increase, amounting to USD 5214.2 million. This strong performance suggests that ROSS STORES is in a healthy financial position, and is well-positioned to continue its growth trajectory in the coming quarters. Investors should keep an eye on the company’s progress and seek to capitalize on future earnings releases.
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