8-KEarnings & ResultsExhibits & Filings

ROSS STORES, INC. 8-K Report, Financial Results (Mar 16, 2005)

Filed March 16, 2005For Securities:ROST

Summary

Ross Stores, Inc. (ROST) filed an 8-K on March 16, 2005, to report its sales and earnings results for the fourth quarter and full fiscal year ended January 29, 2005, and for the comparable periods in fiscal year 2004 (ended January 31, 2004). A key aspect of this filing is the announcement that these results reflect adjustments to the company's lease accounting, made in response to recent communications from the SEC. The full details of these results and the accounting adjustments are provided in the accompanying press release, attached as Exhibit 99.1 to this filing. This 8-K serves as notification of the company's financial performance and highlights a proactive adjustment to its accounting practices. Investors should review the referenced press release for specific figures on sales, earnings, and the nature and impact of the lease accounting changes. The filing indicates that the Chief Financial Officer, John G. Call, has certified these disclosures.

Key Highlights

  • 1Ross Stores reported fourth quarter and full fiscal year 2004 sales and earnings results.
  • 2The reported results include adjustments related to lease accounting.
  • 3These lease accounting adjustments were made in response to recent SEC communications.
  • 4The full details of the financial results and accounting adjustments are available in an attached press release (Exhibit 99.1).
  • 5The filing date is March 16, 2005, covering the fiscal year ended January 29, 2005.
  • 6The Chief Financial Officer, John G. Call, signed the filing.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce Ross Stores, Inc.'s sales and earnings results for the fourth quarter and full fiscal year ended January 29, 2005, and to disclose that these results have been adjusted due to changes in lease accounting practices in response to SEC guidance.

The results disclosed cover the fourth quarter and the full fiscal year ended January 29, 2005, as well as the comparable periods in the prior fiscal year, which ended January 31, 2004.

The lease accounting practices were adjusted in response to recent communications from the U.S. Securities and Exchange Commission (SEC), indicating a need to comply with updated accounting interpretations or requirements.

The detailed financial results and information regarding the lease accounting adjustments are provided in the press release issued by Ross Stores, Inc. on March 16, 2005, which is attached as Exhibit 99.1 to this Form 8-K filing.