Foot Locker Inc (FL)
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 | -423,000 | 522,000 | 1,241,000 | 494,000 | 672,000 |
| Revenue | US$ in thousands | 8,159,000 | 8,761,000 | 8,946,000 | 7,541,000 | 8,002,000 |
| Pretax margin | -5.18% | 5.96% | 13.87% | 6.55% | 8.40% |
February 3, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-423,000K ÷ $8,159,000K
= -5.18%
The pretax margin of Foot Locker Inc has fluctuated over the past five years. In the most recent fiscal year ending on February 3, 2024, the company reported a negative pretax margin of -5.18%, signifying that its pre-tax profits were insufficient to cover its operating expenses and income taxes. This was a substantial decline from the previous year's pretax margin of 5.96%.
Looking back further, Foot Locker Inc achieved a pretax margin of 13.87% in fiscal year 2022, indicating strong profitability relative to its income before taxes. However, this was followed by a decline in fiscal year 2023 to 6.55%. The pretax margin of 8.40% in fiscal year 2020 demonstrates a moderate level of profitability compared to the more recent years.
In summary, the pretax margin of Foot Locker Inc has shown volatility in recent years, with negative performance in the latest fiscal period. This indicates potential challenges in managing operating expenses and generating sufficient pre-tax profits.
Peer comparison
Feb 3, 2024