XML 39 R18.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Reporting
12 Months Ended
Feb. 01, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company has one reportable segment. As of February 3, 2024, the Company identified two operating segments; Ross and dd’s DISCOUNTS. Each operating segment’s operations include only activities related to off-price retailing in stores throughout the United States and its territories. The Company determined that the two operating segments share similar economic and other qualitative characteristics and are therefore aggregated into one reportable segment.

The Company considers operating income, defined as earnings before interest and taxes, to be the measure of profit or loss for its reportable segment. The measure of segment assets is reported on the Consolidated Balance Sheets as Total assets. Segment information is prepared on the same basis that the Company’s Chief Executive Officer, who is the Chief Operating Decision Maker (CODM), manages the segments. The CODM uses operating income to monitor budget versus actual results, make key operating decisions, perform competitive analysis to the Company’s peers, and make resource allocation decisions.
The financial information below, including the significant expense categories regularly provided to the CODM, is presented for the Company’s reportable segment for the fiscal years ended February 1, 2025, February 3, 2024, and January 28, 2023:

($000)202420232022
Sales$21,129,219 $20,376,941 $18,695,829 
Less:
Costs and Expenses1
Cost of goods sold, excluding occupancy costs2
13,983,087 13,612,994 12,810,290 
Occupancy costs1,277,419 1,188,607 1,135,940 
Store related costs3
2,859,879 2,762,186 2,435,313 
Other segment items4
423,248 505,491 323,955 
Segment operating income2,585,586 2,307,663 1,990,331 
Interest (income) expense, net5
(171,568)(164,118)2,842 
Earnings before taxes$2,757,154 $2,471,781 $1,987,489 
1 Refer to Note A: Summary of Significant Accounting Policies in the Notes to Consolidated Financial Statements for depreciation and amortization expense.
2 Cost of goods sold, excluding occupancy costs primarily includes merchandise related costs, distribution costs, freight costs, and buying costs.
3 Store related costs primarily includes store payroll, other store operating expenses, and advertising costs.
4 Other segment items included in Segment operating income primarily includes other general and administrative expenses.
5 Refer to Note A: Summary of Significant Accounting Policies in the Notes to Consolidated Financial Statements for disclosure of the components of Interest (income) expense, net.