Ross 2006 Annual Report Download - page 63

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45
Year ended January 28, 2006:
Quarter Quarter Quarter Quarter
ended ended ended ended
April 30, July 30, October 29, January 28,
($000, except per share data) 2005 2005 2005 2006
Sales $ 1,123,937 $ 1,171,862 $ 1,236,892 $ 1,411,488
Cost of goods sold2 864,999 919,166 979,887 1,088,539
Selling, general and administrative2 177,053 183,652 197,740 207,699
Interest income, net (298) (580) (461) (1,559)
Total costs and expenses 1,041,754 1,102,238 1,177,166 1,294,679
Earnings before taxes 82,183 69,624 59,726 116,809
Provision for taxes on earnings 32,133 27,345 23,401 45,831
Net earnings $ 50,050 $ 42,279 $ 36,325 $ 70,978
Earnings per share – basic $ .34 $ .29 $ .25 $ .50
Earnings per share – diluted $ .34 $ .29 $ .25 $ .49
Dividends declared per share
on common stock $ − $ .050 $ .050 $ .1201
Stock price3
High $ 30.41 $ 29.87 $ 26.94 $ 30.50
Low $ 26.72 $ 25.42 $ 22.71 $ 25.04
1 Includes $.06 per share dividend declared in November 2005 and $.06 per share dividend declared in January 2006.
2 In periods prior to fiscal 2006, stock-based compensation expense and incentive compensation expense were included in selling, general and administrative expenses. In
accordance with the Company’s implementation of Statement of Financial Accounting Standards No. 123(R), “Share-Based Payment,” all compensation-related expenses are
recorded in a manner similar to other employee payroll costs. Therefore, for periods prior to fiscal 2006, the Company has reclassified the portion of stock-based compensation
and incentive compensation that relates to personnel in the merchandising and distribution organizations from selling, general and administrative expense to cost of goods sold.
See also Notes to Consolidated Financial Statements.
3 Ross Stores, Inc. common stock trades on The NASDAQ Stock Market® under the symbol ROST.