ROSS STORES, INC（ROST）の決算・業績分析
ROSS STORES, INCの2024年有価証券報告書をAI分析。売上高$21.1B(+3.7%)。営業利益$2.6B。Consumer Discretionary。
目次
ROSS STORES, INCの2024年度 業績サマリー
ROSS STORES, INC（証券コード: ROST）の2024年度決算・業績分析。売上高は$21.1B（前年比+3.7%）。営業利益は$2.6B。純利益は$2.1B（前年比+11.5%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
ROSS STORES, INCの2024年度 注目ポイント
- Revenue declined 1.2% YoY to $18.7B (XBRL), while net income fell 12.2% YoY to $1.5B (XBRL).
- ROE of 37.2% (XBRL) and net debt of -$2.3B (-1.0x EBITDA) (XBRL) highlight strong profitability and liquidity.
- Shareholder returns totaled $1.4B (XBRL), including $950M in share repurchases (XBRL).
- Operating margin of 10.7% (XBRL) and EBITDA margin of 12.8% (XBRL) reflect efficient cost management.
ROSS STORES, INCの売上高変化の要因
- •Revenue declined 1.2% YoY to $18.7B (XBRL), down from $18.9B in FY2023 (XBRL). Over five years, revenue grew at a 5.7% CAGR (XBRL). Net income fell 12.2% YoY to $1.5B (XBRL), down from $1.7B in FY2023 (XBRL), with a 5-year CAGR of -1.2% (XBRL). The decline in net income contrasts with stable operating income of $2.0B (XBRL) in FY2024.
ROSS STORES, INCの営業利益変化の要因
- •Operating margin of 10.7% (XBRL) and net margin of 8.1% (XBRL) reflect disciplined cost control. EBITDA of $2.4B (12.8% margin) (XBRL) indicates strong pre-interest profitability. Net income fell 12.2% YoY (from $1.7B in FY2023) (XBRL), driven by lower revenue and higher expenses.
ROSS STORES, INCの事業リスクと対応
Macroeconomic risks (inflation, supply chain disruptions, geopolitical conflicts) impact consumer spending and costs (10-K).
Public health crises (e.g., pandemics) could disrupt operations and reduce profitability (10-K).
Intense competition from retailers, e-commerce platforms, and new business models threatens sales and margins (10-K).
Unpredictable shifts in consumer preferences for apparel/home goods risk inventory mismanagement (10-K).
Rising costs (fuel, energy, wages) and reduced disposable income harm sales and margins (10-K).
ROSS STORES, INCの事業内容
Ross Stores, Inc. operates off-price retail stores (Ross Dress for Less® and dd’s DISCOUNTS®), selling first-quality apparel, accessories, footwear, and home fashions at discounts of 20%–60% (Ross) or 20%–70% (dd’s DISCOUNTS) below department store prices (10-K). The company targets middle-income households (Ross) and households with lower incomes (dd’s DISCOUNTS), offering wide assortments of brand-name merchandise. Competitive advantages include off-price buying strategies, organized store environments, and avoidance of promotional allowances or return privileges (10-K).
ROSS STORES, INCのAI業績分析レポート（2024年度）
Ross Stores, Inc. (ROST) FY2024 Annual Report Analysis
Highlights
Business Overview
Ross Stores, Inc. operates off-price retail stores (Ross Dress for Less® and dd’s DISCOUNTS®), selling first-quality apparel, accessories, footwear, and home fashions at discounts of 20%–60% (Ross) or 20%–70% (dd’s DISCOUNTS) below department store prices (10-K). The company targets middle-income households (Ross) and households with lower incomes (dd’s DISCOUNTS), offering wide assortments of brand-name merchandise. Competitive advantages include off-price buying strategies, organized store environments, and avoidance of promotional allowances or return privileges (10-K).
Revenue Analysis
Revenue declined 1.2% YoY to $18.7B (XBRL), down from $18.9B in FY2023 (XBRL). Over five years, revenue grew at a 5.7% CAGR (XBRL). Net income fell 12.2% YoY to $1.5B (XBRL), down from $1.7B in FY2023 (XBRL), with a 5-year CAGR of -1.2% (XBRL). The decline in net income contrasts with stable operating income of $2.0B (XBRL) in FY2024.
Profitability Analysis
Operating margin of 10.7% (XBRL) and net margin of 8.1% (XBRL) reflect disciplined cost control. EBITDA of $2.4B (12.8% margin) (XBRL) indicates strong pre-interest profitability. Net income fell 12.2% YoY (from $1.7B in FY2023) (XBRL), driven by lower revenue and higher expenses.
Balance Sheet Analysis
Equity ratio of 28.4% (XBRL) and current ratio of 1.77x (XBRL) suggest solid liquidity. Total assets grew to $14.3B (XBRL), while total equity increased to $4.1B (XBRL). Net debt of -$2.3B (-1.0x EBITDA) (XBRL) indicates a net cash position, with $4.6B in cash (XBRL) and $2.2B in long-term debt (XBRL).
Cash Flow Analysis
Operating cash flow of $1.7B (XBRL) supported $1.0B in free cash flow (FCF) (XBRL), calculated as $1.7B operating cash flow minus $654M CapEx (XBRL). Financing activities included $431M in dividends (XBRL) and $950M in share repurchases (XBRL), totaling $1.4B in shareholder returns (XBRL).
Working Capital Analysis
N/A
Risks
Outlook
N/A
Consumer Discretionaryの企業一覧
ROSS STORES, INCと同じ「Consumer Discretionary」セクターの企業