Summary
Ross Stores, Inc. (ROST) filed an 8-K on April 14, 2005, to disclose an update regarding adjustments to its lease accounting. This follows an earlier press release on March 16, 2005, which announced preliminary results for the fourth quarter and fiscal year ended January 29, 2005, and the prior year. The company indicated that recent SEC communications prompted these accounting adjustments. The primary purpose of this 8-K is to inform investors that the company has revised these lease accounting adjustments. The final, revised figures are now reflected in the company's Form 10-K, also filed on April 14, 2005. Investors are directed to specific notes within the 10-K (Note B and Note J) for detailed information on the restatement.
Key Highlights
- 1Ross Stores, Inc. filed an 8-K on April 14, 2005, concerning lease accounting adjustments.
- 2The 8-K follows a March 16, 2005 press release that initially disclosed sales and earnings results for Q4 FY2005 and FY2004.
- 3The company made adjustments to its lease accounting in response to recent SEC communications.
- 4This 8-K serves to update investors on revised lease accounting adjustments.
- 5The revised adjustments are now incorporated into the company's Form 10-K filed concurrently.
- 6Investors can find details of the restatement in Notes B and J of the Consolidated Financial Statements within the 10-K filing.