Ross Stores, Inc. (NASDAQ:ROST) Q4 2022 Earnings Call Transcript

Adam Orvos: And Corey, on CapEx. So our $810 million will roughly be 40% new in existing stores, 40% distribution centers and about 20% technology and other investments. And I would say with our new store opening plan of 100 new stores, those levels are consistent with pre-pandemic levels. From a mix standpoint, the distribution line, probably a little bit inflated as we ramp up capacity to support our long-term growth and then the technology side is a ramp-up as we’re making investments not only from a customer convenience standpoint in the stores, but also building capabilities and additional tools in the merchandising organization.

Corey Tarlowe: Great. Thank you very much. Best of luck.

Adam Orvos: Thank you.

Operator: And at this time, we have reached the end of the question-and-answer session. And now I would like to turn the call back over to Barbara Rentler for closing remarks.

Barbara Rentler: Thanks joining us today for your interest in Ross Stores.

Operator: That concludes our conference. You may disconnect your lines at this time. Thank you for your participation, and have a great day.