Foot Locker Inc (FL)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 125,000 | 625,000 | 3,080,000 | 2,183,000 | 2,543,000 |
| Revenue | US$ in thousands | 8,159,000 | 8,761,000 | 8,946,000 | 7,541,000 | 8,002,000 |
| Gross profit margin | 1.53% | 7.13% | 34.43% | 28.95% | 31.78% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $125,000K ÷ $8,159,000K
= 1.53%
The gross profit margin of Foot Locker Inc has shown a significant decline over the past five years, as evidenced by the following figures: 31.78% in 2020, 28.95% in 2021, 34.43% in 2022, 7.13% in 2023, and 1.53% in 2024. This downward trend indicates that the company's ability to generate profits from its core business operations has been weakening. It is crucial for Foot Locker Inc to closely monitor and address the factors contributing to this declining gross profit margin in order to sustain profitability and enhance overall financial performance.
Peer comparison
Feb 3, 2024
Company name
Symbol
Gross profit margin
Foot Locker Inc
FL
1.53%
Boot Barn Holdings Inc
BOOT
36.89%
Designer Brands Inc
DBI
31.70%
Shoe Carnival Inc
SCVL
35.84%