Foot Locker Inc (FL)
Gross profit margin
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 142,000 | 80,000 | 207,000 | 354,000 | 490,000 | 1,316,000 | 1,899,000 | 2,549,000 | 3,080,000 | 3,031,000 | 2,921,000 | 2,661,000 | 2,183,000 | 2,159,000 | 2,129,000 | 2,125,000 | 2,543,000 | 2,578,000 | 2,546,000 | 2,551,000 |
| Revenue (ttm) | US$ in thousands | 8,155,000 | 8,116,000 | 8,298,000 | 8,499,000 | 8,743,000 | 8,755,000 | 8,770,000 | 8,980,000 | 8,958,000 | 8,806,000 | 8,723,000 | 8,525,000 | 7,548,000 | 7,580,000 | 7,406,000 | 7,103,000 | 8,005,000 | 8,056,000 | 7,984,000 | 7,992,000 |
| Gross profit margin | 1.74% | 0.99% | 2.49% | 4.17% | 5.60% | 15.03% | 21.65% | 28.39% | 34.38% | 34.42% | 33.49% | 31.21% | 28.92% | 28.48% | 28.75% | 29.92% | 31.77% | 32.00% | 31.89% | 31.92% |
February 3, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $142,000K ÷ $8,155,000K
= 1.74%
The gross profit margin of Foot Locker Inc has shown fluctuations over the past few quarters. The company's gross profit margin reached its peak at 34.42% in January 2022, but has since declined steadily to 1.74% in February 2024. This downward trend indicates a decrease in the percentage of revenue retained by the company after accounting for the cost of goods sold. The decline in the gross profit margin may indicate challenges in managing production costs, pricing strategies, or competitive pressures affecting profitability. It would be important for Foot Locker Inc to closely monitor and address the factors impacting its gross profit margin to ensure sustainable financial performance.
Peer comparison
Feb 3, 2024