Caleres Inc (CAL)
Operating profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 194,455 | 214,327 | 205,807 | -485,658 | 103,813 |
| Revenue | US$ in thousands | 2,815,640 | 2,966,830 | 2,776,770 | 2,114,280 | 2,919,760 |
| Operating profit margin | 6.91% | 7.22% | 7.41% | -22.97% | 3.56% |
February 3, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $194,455K ÷ $2,815,640K
= 6.91%
The operating profit margin of Caleres Inc has displayed some variability over the past five years. In the most recent fiscal year ended on February 3, 2024, the operating profit margin was 6.91%, showing a slight decline compared to the previous year's margin of 7.22% as of January 28, 2023. Despite this slight decrease, the company has generally maintained a relatively stable operating profit margin in the range of 6-7% in the last three years.
However, a significant anomaly is observed in the financial year ending January 30, 2021, where the operating profit margin drastically dropped to -22.97%. This negative operating profit margin indicates that the company's operating expenses exceeded its operating income during that period, potentially reflecting challenges or one-time events impacting profitability.
It is worth noting that the operating profit margin rebounded in the following year, reaching 3.56% as of February 1, 2020. Overall, while Caleres Inc has shown resilience in maintaining a positive operating profit margin in most years, investors may want to further investigate the factors contributing to the fluctuation, especially the notable decline in profitability in the fiscal year ending January 30, 2021.
Peer comparison
Feb 3, 2024