Caleres Inc (CAL)
Pretax margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 180,881 | 215,081 | 188,100 | -517,231 | 79,330 |
| Revenue | US$ in thousands | 2,815,640 | 2,966,830 | 2,776,770 | 2,114,280 | 2,919,760 |
| Pretax margin | 6.42% | 7.25% | 6.77% | -24.46% | 2.72% |
February 3, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $180,881K ÷ $2,815,640K
= 6.42%
Caleres Inc's pretax margin has shown variability over the past five years. In the most recent fiscal year ending February 3, 2024, the pretax margin was 6.42%, lower than the prior year's margin of 7.25%. Despite the slight decrease, the company still maintained a positive pretax margin, indicating its ability to generate profits before accounting for taxes.
Comparing the current pretax margin to the margin from two years ago, there was a marginal decrease from 6.77% in January 2022 to 6.42% in February 2024. However, it is worth noting a significant improvement from the fiscal year ending January 30, 2021, where the pretax margin was -24.46%, possibly indicating a period of financial challenges or one-time exceptional items impacting profitability.
In contrast, the pretax margin in the fiscal year ending February 1, 2020, was notably lower at 2.72%, indicating a stronger performance in recent years. Overall, the trend in Caleres Inc's pretax margin suggests a relatively stable financial performance in recent years, albeit with some fluctuations.
Peer comparison
Feb 3, 2024