Foot Locker Inc (FL)
Net profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -330,000 | 342,000 | 893,000 | 323,000 | 491,000 |
| Revenue | US$ in thousands | 8,159,000 | 8,761,000 | 8,946,000 | 7,541,000 | 8,002,000 |
| Net profit margin | -4.04% | 3.90% | 9.98% | 4.28% | 6.14% |
February 3, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-330,000K ÷ $8,159,000K
= -4.04%
The net profit margin of Foot Locker Inc has varied over the past five years. In the most recent fiscal year ending on February 3, 2024, the company experienced a negative net profit margin of -4.04%, indicating that for every dollar of revenue generated, the company incurred more expenses than it earned in profits. This represents a significant decline from the prior year when the net profit margin was 3.90%.
Looking back, Foot Locker Inc achieved a relatively high net profit margin of 9.98% on January 29, 2022, reflecting strong profitability compared to the other years in the dataset. However, this figure decreased to 4.28% on January 30, 2021, and further to 6.14% on February 1, 2020, signaling a trend of declining profitability during those periods.
Overall, the fluctuation in the net profit margin of Foot Locker Inc suggests varying degrees of profitability and cost management strategies over the years, with the most recent fiscal year showing a notable decline in profitability. A negative net profit margin indicates financial challenges that may require closer examination and strategic measures to improve profitability in the future.
Peer comparison
Feb 3, 2024