MAAT INDEX

CLAIM #511 · Ross Stores Inc (ROST) · 2022Q2 earnings call · Aug 17, 2022 · due Jan 28, 2023

Marni, on real estate, no change. We expect to open 100 locations, and that's 41 stores over the balance of the year.

Michael Hartshorn · COO

PENDING
graded after results covering Jan 28, 2023 are reported

How to check this claim

Look at: Total net new store openings, fiscal year

It came true if: Total net new stores = 100 (100 total for the year, including 41 opened in the balance of the year after this call)

Where: Company-disclosed store count (10-K store table / Q4 earnings call)

In context

he AUR because it's just a different product base, and we couldn't get the supply we needed last year. So those would be my 2 main call-outs on that. Operator: Our final question comes from the line of Marni Shapiro with Retail Tracker. Marni Shapiro: Can you just give a quick update? Are there any changes on the store openings for this year? And then, Barbara, I have a bigger picture question just about the use of packaways in back-to-school. As kids are going back to school, do you think you are well set up in uniform and what they need for back-to-school? And are you seeing a difference in the way she's shopping? Meaning is she buying what she needs and holding off on what she wants? Maybe the new fashion top, but her kids are getting her back-to-school clothing. Michael Hartshorn: Marni, on real estate, no change. We expect to open 100 locations, and that's 41 stores over the balance of the year. Barbara Rentler: And in terms of back-to-school, I would -- she bought -- she's buying definitely the necessities. She is buying uniforms and backpacks and all of those products. I also think that part of what she bought for back-to-school was she might have bought her child shorts when people started taking markdowns on, let's say, denim shorts earlier. So I think it's kind of a mixed bag. But I think if we were historically talking about back-to-school over time, the customer has bought merchandise much closer to the time they go to school or immediately after they get in school. It's hard to tell now with the pandemic, right? So that would also [indiscernible] and so I think it's a combination of both. But it's been very hard to read without having 2 or 3 years of any real history

Verify independently

SEC filings for ROST · Claim quote is verbatim from the 2022Q2 earnings call.