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This excerpt taken from the ROST 10-Q filed Jun 10, 2009. Cost of goods sold.
Cost of goods sold for the three month
period ended May 2, 2009 increased $87.2 million compared to the same period in
the prior year mainly due to increased sales from the opening of 56 net new
stores between May 3, 2008 and May 2, 2009 and an increase in comparable store
sales.
Cost of goods sold as a percentage of sales for the three month period ended May 2, 2009 decreased approximately 90 basis points from the same period in the prior year. This improvement was driven primarily by a 65 basis point increase in merchandise gross margin, a 65 basis point reduction in freight costs, and occupancy expense that levered by about 20 basis points. These improvements were partially offset by a 55 basis point increase in buying and incentive costs and a 5 basis point increase in distribution expenses. We cannot be sure that the gross profit margins realized for the three month period ended May 2, 2009 will continue in the future. These excerpts taken from the ROST 10-K filed Mar 31, 2009. Cost of goods sold.
Cost of goods sold in fiscal 2008
increased $338.4 million compared to the prior year mainly due to increased
sales from the opening of 66 net new stores during the year, and a 2% increase
in sales from comparable stores.
Cost of goods sold as a percentage of sales for fiscal 2008 decreased approximately 90 basis points from the prior year. This improvement was mainly the result of a 100 basis point increase in merchandise gross margin as a percent of sales. In addition, distribution costs for the year improved by about 20 basis points. As a percent of sales, these favorable trends were partially offset by a 10 basis point increase in occupancy expense and a 20 basis point increase in incentive costs. Cost of goods sold in fiscal 2007 increased $300.7 million compared to the prior year mainly due to increased sales from the opening of 93 net new stores during the year, and a 1% increase in sales from comparable stores. 18 Cost of goods sold as a percentage of sales for fiscal 2007 decreased approximately 20 basis points from the prior year. This improvement was mainly the result of a 20 basis point improvement in merchandise gross margin primarily due to lower markdowns and shortage as a percent of sales. We cannot be sure that the gross profit margins realized in fiscal 2008, 2007 and 2006 will continue in future years. Cost of goods sold. Cost of goods sold in fiscal 2008 increased $338.4 million compared to the prior year mainly due to increased sales from the opening of 66 net new stores during the year, and a 2% increase in sales from comparable stores. Cost of goods sold as a percentage Cost of goods sold in fiscal 2007 18 | |||||||||||||||||||||||||||||||
Cost of goods sold as a percentage We cannot be sure that the gross Cost of goods sold.
In addition to product costs,
the Company includes in cost of goods sold its buying, distribution and freight
expenses as well as occupancy costs, and depreciation and amortization related
to the Company’s retail stores, buying and distribution facilities. Buying
expenses include costs to procure merchandise inventories. Distribution expenses
include the cost of operating the Company’s distribution centers.
31 Cost of goods sold. In addition to product costs, the Company includes in cost of goods sold its buying, distribution and freight expenses as well as occupancy costs, and depreciation and amortization related to the Company’s retail stores, buying and distribution facilities. Buying expenses include costs to procure merchandise inventories. Distribution expenses include the cost of operating the Company’s distribution centers. 31 | |||||||||||||||||||||||||||||||
This excerpt taken from the ROST 10-Q filed Dec 10, 2008. Cost of goods sold.
Cost of goods sold for the three months
ended November 1, 2008 increased $47.7 million compared to the same period in
the prior year mainly due to increased sales from the opening of 70 net new
stores between November 3, 2007 and November 1, 2008.
14 Cost of goods sold as a percentage of sales for the three months ended November 1, 2008 decreased approximately 130 basis points from the same period in the prior year. This improvement was driven primarily by a 125 basis point increase in merchandise gross margin, which benefited from a 90 basis point increase in merchant margin and a 35 basis point decrease in inventory shortage. In addition, distribution costs declined by about 50 basis points during the period. These favorable results were partially offset by a 45 basis point increase in buying and incentive plan costs. Cost of goods sold for the nine months ended November 1, 2008 increased $281.9 million compared to the same period in the prior year mainly due to increased sales from opening 70 net new stores between November 3, 2007 and November 1, 2008, and a 3% increase in sales from comparable stores. Cost of goods sold as a percentage of sales for the nine months ended November 1, 2008 decreased approximately 105 basis points from the same period in the prior year. This improvement was the result of a 110 basis point increase in merchandise gross margin, which benefited from a 95 basis point increase in merchant margin and a 15 basis point decrease in shortage. In addition, distribution costs declined by about 40 basis points during the period. These favorable trends were partially offset by a 35 basis point increase in buying and incentive plan costs and a 10 basis point increase in freight costs. We cannot be sure that the gross profit margins realized for the three and nine month periods ended November 1, 2008 will continue in the future. This excerpt taken from the ROST 10-Q filed Sep 10, 2008. Cost of goods sold.
Cost of goods sold for the three months ended
August 2, 2008 increased $123.9 million compared to the same period in the prior
year mainly due to increased sales from the opening of 81 net new stores between
August 4, 2007 and August 2, 2008, and a 6% increase in sales from comparable
stores for the three months ended August 2, 2008.
Cost of goods sold as a percentage of sales for the three months ended August 2, 2008 decreased approximately 180 basis points from the same period in the prior year. This decrease was driven primarily by a 185 basis point increase in merchandise gross margin and a 60 basis point improvement in distribution costs. These favorable results were partially offset by a 50 basis point increase in incentive plan costs, and a 15 basis point increase in freight expense. 14 Cost of goods sold for the six months ended August 2, 2008 increased $234.2 million compared to the same period in the prior year mainly due to increased sales from opening 81 net new stores between August 4, 2007 and August 2, 2008, and a 5% increase in sales from comparable stores. Cost of goods sold as a percentage of sales for the six months ended August 2, 2008 decreased approximately 90 basis points compared with the same period in the prior year. This decrease was the result of a 100 basis point increase in merchandise gross margin and a 30 basis point decline in distribution costs. These favorable trends were partially offset by a 30 basis point increase in incentive plan costs, and a 10 basis point increase in freight costs. We cannot be sure that the gross profit margins realized for the three and six-month periods ended August 2, 2008 will continue in the future. This excerpt taken from the ROST 10-Q filed Jun 11, 2008. Cost of goods sold.
Cost of goods sold for the three months ended May
3, 2008 increased $110.3 million compared to the same period in the prior year
mainly due to increased sales from the opening of 88 net new stores between May
5, 2007 and May 3, 2008, and a 3% increase in sales from comparable stores for
the three months ended May 3, 2008.
Cost of goods sold as a percentage of sales for the three months ended May 3, 2008 decreased approximately 5 basis points from the same period in the prior year. This decrease was driven mainly by a 15 basis point increase in merchandise gross margin and a 10 basis point improvement in distribution costs. These favorable results were partially offset by a 10 basis point increase in freight expense, a 5 basis point increase in buying expenses, and a 5 basis point increase in store occupancy costs. We cannot be sure that the gross profit margins realized for the three-month period ended May 3, 2008 will continue in the future. 14 These excerpts taken from the ROST 10-K filed Apr 1, 2008. Cost of goods sold.
In addition to product costs,
the Company includes in cost of goods sold its buying, distribution and freight
expenses as well as occupancy costs, and depreciation and amortization related
to the Company’s retail stores, buying and distribution facilities. Buying
expenses include costs to procure merchandise inventories. Distribution expenses
include the cost of operating the Company’s distribution centers. Beginning in
fiscal 2006, the portion of stock option and employee stock purchase plan
(“ESPP”) expenses included in stock-based compensation expense for personnel in
the merchandising and distribution organizations is included in cost of goods
sold.
33 Cost of goods sold. In addition to product costs, the Company includes in cost of goods sold its buying, distribution and freight expenses as well as occupancy costs, and depreciation and amortization related to the Company’s retail stores, buying and distribution facilities. Buying expenses include costs to procure merchandise inventories. Distribution expenses include the cost of operating the Company’s distribution centers. Beginning in fiscal 2006, the portion of stock option and employee stock purchase plan (“ESPP”) expenses included in stock-based compensation expense for personnel in the merchandising and distribution organizations is included in cost of goods sold. 33 | |||||||||||||||||||||||||||||||
This excerpt taken from the ROST 10-Q filed Dec 12, 2007. Cost of goods sold.
Cost of goods sold for the three months
ended November 3, 2007 increased $76.9 million compared to the same period in
the prior year mainly due to increased sales from the opening of 95 net new
stores between October 28, 2006 and November 3, 2007, and a 1% increase in sales
from comparable stores.
13 Cost of goods sold as a percentage of sales for the three months ended November 3, 2007 decreased approximately 45 basis points from the same period in the prior year. This improvement was driven mainly by a 40 basis point improvement in buying, incentive and equity compensation expenses, a 25 basis point decrease in distribution costs, and a 10 basis point decrease in freight costs. These favorable trends were offset by a 30 basis point increase in store occupancy costs. Cost of goods sold for the nine months ended November 3, 2007 increased $266.5 million compared to the same period in the prior year mainly due to increased sales from the opening of 95 net new stores between October 28, 2006 and November 3, 2007, and a 1% increase in sales from comparable stores. Cost of goods sold as a percentage of sales for the nine months ended November 3, 2007 decreased approximately 35 basis points compared with the same period in the prior year. This decrease was the result of a 25 basis point increase in merchandise gross margin, which benefited from lower markdowns and lower inventory shortage, a 25 basis point improvement in buying, incentive and equity compensation expenses, and a 5 basis point improvement in distribution costs. These favorable trends were partially offset by a 10 basis point increase in freight costs and a 10 basis point increase in store occupancy costs. We cannot be sure that the gross profit margins realized for the three and nine-month periods ended November 3, 2007 will continue in the future. This excerpt taken from the ROST 10-Q filed Sep 12, 2007. Cost of goods sold. Cost of goods sold for the three months ended August 4, 2007 increased $107.2 million compared to the same period in the prior year mainly due to increased sales from the opening of 92 net new stores between July 29, 2006 and August 4, 2007, and a 2.0% increase in sales from comparable stores.
Cost of goods sold as a percentage of sales for the three months ended August 4, 2007 was unchanged from the same period in the prior year. This was the result of a 10 basis point increase in merchandise gross margin, which benefited from a lower inventory shortage provision, a 20 basis point decline in occupancy costs, and a 10 basis point improvement in buying, incentive and equity compensation expenses. These favorable trends were offset by a 20 basis point increase driven by distribution handling costs related to packaway inventory levels and a 20 basis point increase in freight costs. 13 Cost of goods sold for the six months ended August 4, 2007 increased $189.6 million compared to the same period in the prior year mainly due to increased sales from the opening of 92 net new stores between July 29, 2006 and August 4, 2007, and a 1.0% increase in sales from comparable stores. Cost of goods sold as a percentage of sales for the six months ended August 4, 2007 decreased approximately 30 basis points compared with the same period in the prior year. This decrease was the result of a 35 basis point increase in merchandise gross margin, which benefited from a decline in markdowns and a lower inventory shortage provision, and a 20 basis point improvement in buying, incentive and equity compensation expenses. These favorable trends were partially offset by a 20 basis point increase in freight costs and a 5 basis point increase driven by distribution handling costs related to packaway inventory levels. We cannot be sure that the gross profit margins realized for the three and six-month periods ended August 4, 2007 will continue in the future. This excerpt taken from the ROST 10-Q filed Jun 13, 2007. Cost of goods sold. Cost of goods sold for the three months ended May 5, 2007 increased $82.4 million compared to the same period in the prior year mainly due to increased sales from the opening of 84 net new stores between April 29, 2006 and May 5, 2007.
Cost of goods sold as a percentage of sales for the three months ended May 5, 2007 decreased approximately 60 basis points compared with the same period in the prior year. This decrease was driven by a 65 basis point increase in merchandise gross margin which benefited from lower markdowns and shortage accrual, a 20 basis point improvement in buying, incentive and equity compensation costs, and a 10 basis point decline in distribution costs. These margin improvements more than offset a 20 basis point increase in freight costs and a 15 basis increase in occupancy expense. We cannot be sure that the gross profit margins realized for the three-month period ended May 5, 2007 will continue in the future. This excerpt taken from the ROST 10-K filed Apr 3, 2007. Cost of goods sold. In addition to product costs, the Company includes in cost of goods sold its buying, distribution and freight expenses as well as occupancy costs, and depreciation and amortization related to the Company’s retail stores, buying and distribution facilities. Buying expenses include costs to procure merchandise inventories. Distribution expenses include the cost of operating the Company’s distribution centers and freight expense related to transporting merchandise.
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