Academy Sports Outdoors Inc (ASO)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,110,210 | 2,212,500 | 2,351,100 | 1,734,040 |
| Revenue | US$ in thousands | 6,112,570 | 6,347,110 | 6,722,420 | 5,607,060 |
| Gross profit margin | 34.52% | 34.86% | 34.97% | 30.93% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,110,210K ÷ $6,112,570K
= 34.52%
The gross profit margin of Academy Sports Outdoors Inc has shown a relatively stable trend over the past four fiscal years. In the most recent period up to February 3, 2024, the gross profit margin was 34.52%, slightly lower compared to the previous two years, where it ranged from 34.86% in January 28, 2023, to 34.97% in January 29, 2022. However, there has been a noticeable improvement compared to January 30, 2021, where the gross profit margin was 30.93%.
This trend suggests that Academy Sports Outdoors Inc has been effectively managing its cost of goods sold and generating consistent levels of gross profit relative to its net sales. Maintaining a gross profit margin around the mid-thirty percent range indicates a healthy profitability level for the company, as it implies that a significant portion of each sales dollar is retained as gross profit after accounting for the cost of goods sold.
Overall, the stable and relatively high gross profit margin of Academy Sports Outdoors Inc over the years reflects efficient cost controls and pricing strategies, which have contributed to the company's ability to generate profits from its core operations.
Peer comparison
Feb 3, 2024